The National Rubber Policy Committee yesterday agreed in principle to the second phase of the rubber price guarantee scheme, but told the Agriculture and Cooperatives Ministry to lower its budget to 30 billion baht from 43 billion.
MUMBAI (June 2): Global production of natural rubber is likely to fall by nearly 5% this year as the coronavirus pandemic has depressed demand and put the industry in crisis, the Association of Natural Rubber Producing Countries (ANRPC) said on Tuesday.
ANRPC is happy to release its Natural Rubber Trends & Statistics, May 2020 with the Foreward from Secretary-General as below:
Spot rubber managed to finish in green on Monday. RSS-4 improved further to ₹118 (117) a kg, according to traders and the Rubber Board. The inflow of the raw material continued to remain low.
MUMBAI – Following are highlights from trading in rubber market today: June contract on the Indian Commodity Exchange closed 0.7% higher at 12,113 rupees per 100 kg.
Oil prices have come a long way since the deep dive into negative territory a month ago. One could argue that the price of West Texas Intermediate (WTI) is now $70/bbl higher than it was a month ago, when it settled at -$37.63 on April 20.