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Natural rubber News
Rubber Board lowers production estimate The Rubber Board revised production-consumption estimates for the current financial year in tune with the slow pace of growth recorded in December 2010. According to the revised estimates, the total annual production would be 851,000 tonnes against previous year’s figure of 831,400 tonnes, rising 2.4 per cent.The consumption estimates were lowered to 948,000 tonnes indicating growth of 1.9 per cent
Tyre scrips soar on rubber import duty cut
Tyre stocks today rose up to 3.3 per cent following the government’s decision to cut import duty on natural rubber. However, rubber stocks fell up to five per cent due to the threat of lower
Natural rubber output to rise 6.6%
The revised estimates provided by the Association of Natural Rubber Producing countries (ANRPC) indicate that the overall supply of natural rubber (NR) in 2010 would be high. All rubber producing
Natural rubber production declines 5.4% in November
The production of natural rubber (NR) decreased 5.4 per cent to 88,500 tonnes in November compared to 93,500 tonnes during the same month last year. The decrease in production was due to excessive
Tyre firms to again press rubber manipulation charge on NMCE
The Automotive Tyre Manufacturers Association (Atma) intends to persist with its charge of manipulation of natural rubber prices on the Ahmedabad-based National Multi Commodity Exchange (NMCE). |
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