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Rubber Price for the month of June 2008

The price trend of Domestic price shows a decline than International price with a difference of Rs. 1641 (between International RSS 3 & Domestic RSS 4) which is a challenge against farmers and small scale dealers. The dealers will not suffer loss & they will recover profit from farmers. This trend is to reduce International price. After one weak the domestic price will go up with an aim to collect maximum sheets from farmers to show high month end stock. If the International price is higher than domestic like this farmers will hold rubber. Due to favorable climate production will increase slightly because coolness is not lower to fetch a good production. Last month few of the dealers got a higher price up to 138/- per Kg. After that decline of price began at the rate of Rs. 4 to 5 per day. What does it mean? It means that small dealers to compel to sell below purchased price and which will effect on farmers selling price. Due to the higher price of Crude Oil up to $ 139 per barrel the International price increased again to top level. The co-operation of Bulk Dealers and few manufacturers are the reason for this kind of volatility in price. Rubber Board collects daily prices from the market from few dealers only. They are controlling the price fluctuation.

“We are so desperate to see that the leading consuming industries are hesitant to enhance their quotes though the international prices rule much above the domestic rates,” a grower said.

How the profit motive TOCOM can decide the price of Natural Rubber after few months? There ambition is to make more profit by price fluctuations by low priced purchase and high priced sales. Thailand can decide the International price what ever it may be.

International price for RSS 3 at Bangkok is the lowest in the World due to a producing Country above 30 Lakh Tonnes of Natural Rubber. India is in the forth position in production. The joint venture of bulk dealers (many of them are exporters) and big manufacturers to reduce International price is behind this price game.

During the period under review, the export of natural rubber has more than doubled to 8,500 tonne, compared to 4,105 tonne, while import witnessed a marginal increase to 7,200 tonne as against 7,198 tonne in the same period last year.

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3 comments to Rubber Price for the month of June 2008

  • i live in dodamarg (maharashtra goa border). i am interested in plantation of rubber trees pls guidence me which types of rubber trees give more yield and whats risk in this business pls guide me.

  • RRII -105 is a best Rubber Tree Verity. I am not fluent in English, however I will try to remove all your doubts. Cultivation is mainly depends on soil fertility and balance nutrients.

  • “The production of natural rubber rose by 43% to 62,000 tonne in June as against 43,480 tonne in the year-ago period, according to the Rubber Board’s provisional data.

    “Increase in production is due to favourable climatic conditions, increase in tapping days and better price,” a senior Rubber Board official told PTI.

    However, natural rubber consumption in June increased marginally by 2.16% to 71,000 tonne, against 69,495 tonne in the year-ago period. ”
    The Rubber Board official will predict these things after 3 days through the media to reduce price. But they will publish all these things after 80 days in monthly rubber statistical news. The missing figures from last few years are silent in front of media and Rubber Board which will lime light the exact picture of market stock.
    The month end stock as on 30th June 2007 with Growers was 22045 Tonnes and this is going to be higher at the end of 30st June 2008 which will be published after 20th of August 2008. It is an advance information about how Rubber Board publishing the rose of 43% from 43480 to 62000 Tonnes.