KOCHI, MARCH 22:
National Multi Commodity Exchange has registered a 405 per cent rise in rubber delivery at 3,087 tonnes this month against 763 tonnes in March 2012.
Producers and suppliers have benefited by giving huge delivery on the exchange because the exchange price was more attractive, a statement issued here said.
NMCE has a certified warehouse of Central Warehousing Corporation for delivery of rubber in Kerala near all the producing areas at Aluva, Ernakulam, Kakkanad, Kakkancherry, Kozhikode, Palakkad, Piravom Road and Thrissur.
The stock position at the exchange certified warehouse is displayed on the Web site of the exchange in which one could get the information of daily arrivals and despatch. The stock position as on March 18 was 5,840 tonnes, out of which 179 tonnes is in plastic packing.
NMCE has formed an independent team of quality experts consisting of Rubber Board quality expert, regional office of CWC and NMCE representative for a periodic check of the quality of rubber in the exchange certified warehouses.
This team submits the independent quality reports and also guides all the warehouse managers and their staff on rubber quality.
Source: Business Line
