Impetus for rubber suppliers to bounce back even higher 14:00 | 16/02/2021
Although expectations for an increase in rubber prices remain low, the recent spikes have left rubber growers in Vietnam less worried. Nevertheless, to cash in on the recovering carmakers and other industries after the pandemic, as well as compete with regional rivals, local latex gatherers may need to step up their game and apply for official certificates.
Latex extraction has seen labour shortages due to the pandemic, natural disasters, and other events
More than an hourâs drive from Pleiku, the capital of the Central Highlands province of Gia Lai, small roads are running through immense rubber forests. The town of Ia Kha is crowded with more than 8,000 people, but unlike in the past, these people are less occupied with farming than before.
Rubber improves on bullish cues
February 09, 2021
Spot rubber made all-round gains on Tuesday. RSS 4 improved to ₹155 (154) per kg, according to traders and the Rubber Board. As per reports, the upward revision forecasts for 2021 released by the International Monetary Fund (IMF) recently have boosted the market confidence over the post-pandemic recovery. In addition, the positive sentiment in crude oil market may also be advantageous to the commodities market.
According to the Association of Natural Rubber Producing Countries (ANRPC), the average NR prices of SMR-20 improved by 0.6% to $1.58 per kg in January 2021 as compared to December 2020. In the rubber sheets market, prices of RSS-3 in Bangkok and RSS-4 Kottayam have registered a fall in price by 6.3% and 3.6%, respectively, during the same reference period.
Natural rubber prices stablise after slipping from 6-year high
Rubber Board of India data shows that production picked up in November due to the price uptrend, though it was down during the first seven months of the current fiscal. January 21, 2021 / 06:26 PM IST
Natural rubber prices in India have come down from the six-year peak seen in November and are ruling stable, though a little lower than global rates.
According to the Rubber Board of India, the price of ribbed smoked sheet (RSS) four grade rubber, used by tyre manufacturers, is Rs 153 a kg against the nearly Rs 170 a kg in November.
ANRPC notes rubber price recovery
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KUALA LUMPUR Prices for natural rubber showed signs of recovery across physical markets during December 2020, the Association of Natural Rubber Producing Countries said.
Average prices for SMR-20 closed at $1.57 per kg in December 2020, up from $1.56 per kg in November, according to ANRPC s Natural Rubber Trends & Statistics December 2020.
For STR-20, the average monthly price in December 2020 recovered from $1.58 per kg in November 2020 to $1.60 per kg.
Both average prices of rubber sheets namely RSS-3 in Bangkok and RSS-4 in Kottayam have posted 1.2 percent growth and 2.5 percent growth in December 2020 compared to November 2020, respectively.
The end-of-year strengthening in prices came despite continuing uncertainty due to the unprecedented events of 2020, noted the association s latest monthly report, issued Jan. 11.
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KUALA LUMPUR Natural rubber markets could rise or at least sustain their current upswing in the short term, due to factors such as tight supply, high demand and a COVID-19 recovery, according to the Association of Natural Rubber Producing Countries.
ANRPC said the global production of NR is anticipated to be down 10.1 percent during December compared to the same month last year, ANRPC said.
A key contributor, according to the association, is the spread of fungal leaf diseases in mature rubber trees occupying around 390,000 hectares in Indonesia, 150,000 in Thailand, 19,000 in Malaysia and 20,000 in Sri Lanka.
This, according to ANRPC, will lower the yield considerably for about two years.