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March 10, 2021
Spot rubber prices shoot up
Spot rubber continued to explore further highs on Wednesday. RSS 4 edged up to ₹164.50 from ₹164 and ₹163.50 per kg respectively, according to traders and the Rubber Board. The grade firmed up to ₹159.50 (158.50) as per dealers.
According to The Association of Natural Rubber Producing Countries (ANRPC), the outlook of world production of natural rubber (NR) is likely to fall 12.4 per cent, year-on-year, to 897,000 tonnes in February 2021. The world consumption of natural rubber is estimated to recover at 47.5 per cent, year-on-year, to 1.103 million tonnes during the same month.
This favourable market fundamental has supported the upward trend observed in average monthly prices across key physical markets during the reference month amid the seasonal wintering in most NR producing countries.
Malaysian Rubber Board: Natural rubber prices set to hold recent gains
Print
KUALA LUMPUR Natural rubber prices are expected to sustain recent gains, supported by a range of developments in the supply/demand situation and in the international trade arena, according to the Malaysian Rubber Board.
In its February review, the MRB reported prices strengthening for a range of NR grades during the month including SMR 20, up 17.2 percent to about $1.80 per kilogram, and latex concentrate, which surged 29.3 percent to about $1.68 a kilogram.
As well as tighter supply after the wintering season in some producer countries, the Kuala Lumpur rubber market was buoyed by global COVID-19 vaccination progress, optimism on U.S.-China relations, a weaker (Malaysian) ringgit (and) the $1.9 trillion stimulus in the U.S.
Higher MSP may see Kerala growers produce more natural rubber from April
February 22, 2021
Currently, as production costs exceed returns, growers are tapping their trees only once a week
Natural rubber growers in Kerala are expecting to tap more rubber from their trees beginning April 1 when a State government order for ₹170 a kg minimum support price (MSP) comes into effect.
Kerala accounts for 90 per cent of the total rubber production in the country.
Currently, a majority of farmers are keeping off from tapping due to prices hovering around ₹150 a kg, while the cost of production is about ₹175. As production costs exceed returns, growers are tapping their trees only once a week, according to grower community sources.