News

.: Rubber Market News
To Help Growers, Rubber Import Duty Hike Likely To help growers, rubber import duty hike likely
To Help Growers, Rubber Import Duty Hike Likely To help growers, rubber import duty hike likely

06.02.2015

NEW DELHI, FEBRUARY 4:
The Centre is looking at raising import duty on natural rubber to protect domestic growers against cheap imports and check a further fall in prices. The duty hike could be announced in the Union Budget.

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Indian rubber assistance not helping farmers
Indian rubber assistance not helping farmers

22.01.2015

Kochi, India - The New Indian Express reports, "One month after the launch of the much-hyped government scheme to ensure that rubber farmers get a minimum of Rs 130 per kg, it has not benefited the farmers and small dealers on the ground.

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Asian natural rubber production falls 3 percent in 2014
Asian natural rubber production falls 3 percent in 2014

19.01.2015

Singapore - Platts reports, "Natural rubber production in Asia fell 3 percent year on year to 10.8 million metric tons in 2014, preliminary estimates released by the Association of Natural Rubber Producing Countries Wednesday, January 7, showed.

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.: International News
Sumitomo Rubber enters into an R&D agreement with Kultevat for rubber plant breeding
Sumitomo Rubber enters into an R&D agreement with Kultevat for rubber plant breeding

14.08.2015

St. Louis, MO - Kultevat, Inc. a biotechnology company in St. Louis, MO and Sumitomo Rubber Industries, Kobe, Japan (SRI) have entered into an R & D agreement to accelerate the development of Taraxicum kok-saghya (TKS) as an alternative source of natural rubber to replace materials from Hevea rubber trees.

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TOCOM gains 2pc to 4-week high on oil hopes
TOCOM gains 2pc to 4-week high on oil hopes

06.02.2015

TOKYO: Benchmark Tokyo rubber futures ended up 2 percent on Wednesday, after hitting a four-week high, boosted by expectations of a sustained climb in oil prices after crude posted its biggest winning streak in six years a day earlier.
Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, have got clear support from oil, closing in on a six-month high hit in early January that came on worries over lower production in flood-hit Malaysia and Thailand, market participants say.
Worries about global oversupply in oil led to a 60 percent slide in crude prices between June and late January, though Brent crude has recovered to around $57 a barrel as some investors become confident that oil prices have hit their bottom.
The Tokyo Commodity Exchange rubber contract for July delivery finished 4.1 yen higher at 208.9 yen per kg, gaining 6.5 percent in the past three sessions. The benchmark contract hit an intraday high of 209.8 yen, the highest since Jan. 7.
“With metal prices unchanged, all are pouring money into oil and rubber markets,” said a Tokyo-based dealer.
TOCOM crude futures for July delivery ended up 6 percent at 44,780 yen per kilolitre.
The U.S. dollar was quoted around 117.63 yen early on Wednesday, compared with about 117.17 yen late Tuesday afternoon.
The most-active rubber contract on the Shanghai futures exchange for May delivery rose 200 yuan to finish at 13,500 yuan per tonne.
The front-month rubber contract on Singapore’s SICOM exchange for March delivery last traded unchanged at 140.70 U.S. cents per kg.

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OPEC’s El-Badri Says Oil Will Rebound Instead of Fall to $20
OPEC’s El-Badri Says Oil Will Rebound Instead of Fall to $20

22.01.2015

Oil prices will rebound rather than extend their decline to as low as $20 a barrel because a collapse since June isn’t merited by global supply and demand, OPEC’s Secretary-General said.

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