Aravindan
Kottayam |
Updated on
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Rubber Board Chairman also said adopting this would help them to find extra time for other jobs
Delivering the keynote address in a function held at Rubber Board Head Office, Kottayam to honour rubber growers who tap their own rubber trees, Dr KN Raghavan IRS, Chairman and Executive Director, Rubber Board, said that self-tapping along with low-frequency tapping would reduce the cost of production and make rubber cultivation more profitable.
The average holding size of the small rubber grower is only 0.57 ha. Self-tapping is desirable to get maximum profit from the smallholdings. Dr Raghavan added the adoption of low-frequency tapping would help them find extra time for other jobs.
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Fresh buying lifts rubber
February 22, 2021
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Spot rubber explored further highs on Monday. The commodity resumed the upward journey on fresh buying and short covering tracking the overall gains in major overseas markets and domestic futures on MCX.
According to observers, certain companies bought sheet rubber up to the prevailing levels during late trading hours.
RSS 4 firmed up to ₹160 (158) per kg, according to traders and the Rubber Board. The grade improved to ₹156 (154), as per dealers.
In futures, the natural rubber contract for February delivery firmed up to ₹163.50 (161.84) per kg on the Multi Commodity Exchange (MCX).
RSS 3 (spot) flared up to ₹174.84 (171.00) per kg at Bangkok. SMR 20 improved to ₹128.99 (123.09) and Latex to ₹111.31 (107.87) per kg at Kuala Lumpur.