MARKET BUZZ
Benchmark TOCOM rubber futures hit their highest in nearly two weeks on Wednesday, the first day of trading in 2017, buoyed by a weaker yen against the dollar. (Reuters)
Prices of natural rubber in the key wholesale markets of Kerala rose today, as farmers held back stocks in anticipation of a further rise in prices, traders said. The widely traded RSS-4 grade rubber was sold at 138 rupees a kg in Kottayam, up 1 rupee from Monday, according to data released by the Rubber Board. In Kochi, prices rose 2 rupees to 139 rupees per kg, the data showed. (Cogencis)
China imported 560,000 tons of natural and synthetic rubber in November, 2016, a rise of 42.8 per cent from the same period of 2015, according to data from the General Administration of Customs. During the first 11 months of this year, aggregate import volume of natural and synthetic rubber was 5.08 million tons, representing a year on year gain of 23 per cent. (Reuters)
The National Multi-Commodity Exchange of India has added the Central Warehousing Corporation’s warehouse at Trivandrum as an additional delivery centre for rubber and black pepper, the exchange said in a notice.(Cogencis)
India’s natural rubber consumption rose 13.0% on year to 88,000 tn in November, from 77,880 tn, according to data released by the Rubber Board today. The country’s imports of natural rubber rose sharply from a year ago despite a rise in production. India’s natural rubber imports were 43,123 tnduring November, up 22.4% on year. (Cogencis)
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Geofin Comtrade
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