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India Rubber: Prices up in Kerala on demand from stockists

Informist, Monday, May 23, 2022


By Rahul Dhuri


MUMBAI – Prices of natural rubber rose in the benchmark market of Kerala today due to improved demand from domestic stockists. Concerns about supply also supported prices, traders said. 


* Supply concerns persist as rains have hindered rubber taping in Kerala, the largest producer of the commodity in the country, said John Joseph, owner of Ernakulam-based J.J.Trading Co.


* However, tepid demand from tyre makers capped the rise in prices. Around 75% of the global demand for natural rubber comes from tyre and auto components manufacturers.        


* The auto sector has been hit hard by a continuing disruption in the supply of semiconductors, traders said.


* Futures contracts of natural rubber on Japan’s Osaka Exchange ended higher today due to value buying by investors after the recent fall in prices, analysts said.


* Rubber prices were down in early trade today due to an increase in natural rubber production estimates, experts said. 


* In its monthly report, the Association of Natural Rubber Producing Countries has said global production of natural rubber rose 13.6% on year to 941,000 tn in April. 


Following are the highlights of today’s trade:

–In the key markets of Kerala, the widely-traded RSS-4 variety of rubber was sold at 172-173 rupees per kg, up 1 rupee from the previous day.

–The most-active October contract of rubber on the Japanese bourse ended up 0.8 yen at 245.6 yen (149.54 rupees) per kg.




Edited by Avishek Dutta


Cogencis news is now Informist. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.


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Source: Cogencis

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