Archive for August, 2010

Natural Rubber Prices

A letter send to Google Groups like FEC and Trivandrum Bloggers

Prices for the month of July 2010:

The average price of Latex 60% drc changed at a higher level of Rs. 20375/Quintal. Can anybody say how it happens?

The leaders of Political Parties are against Import of Natural Rubber of One Lakh Tonnes at 7.5% Import Duty. But this import will be a reason for the price hike of International Price. The Domestic prices were higher at earlier month with a difference approximately Rs. 30/Kg when Indian Rubber Board Published the highest month end stocks. The Price difference between RSS 4 and Vyaapari Vila of Manorama (Which is not covered by the Board or on any Govt records) is varying according to their plans of the Biggest Manufacturer in India. Eg. Prices of June 2010 with a difference approximately Rs. 5 per Kg and Aug 2010 with a difference above Rs. 15 per Kg on many days of the month. If a manufacturer can play a game on prices where grading under the pretext of visual grading system we can imagine what will happen.

My conclusion: If the month end stock published by the Rubber Board is higher through continuous Missing Figures and import in front of the season of peak production to bring the prices down to export on lower prices (by the co-operative societies to reduce the profit share to the Govt of Kerala) to bring down the International prices can’t fulfill.  Because RTI Act 2005 is available for us to get the details of Export which is controlled by the Rubber Board.

Sorry for my poor English.

WTO was a failure to reduce the prices of Agricultural Commodities and now the time is for ASEAN. Just wait and see what will happen.

See the compiled study by a farmer on Indian Rubber Statistics Click here >>>>