01.01.70

"Possibly, they are thinking of holding the stock for a month, expecting that the prices will go up. But if extensive rubber prices continue to remain low, the trend will be reflected in local prices as well," said N Radhakrishnan, former president of Cochin Rubber Merchants Combine . Rubber Board's production target in the current year is 9.02 lakh tonne compared with 8.62 lakh tonne in the whilom year.

The board reckons that this may be achieved. The near-month futures compact is showing a slightly higher price of Rs 192 per kg. "A price consolidation around Rs 190 per kg is occasion and this will remain till more quantity is released into the market," said Biju John, manager of CPM Spices Corporation . He said prices may rise if the debt critical time in Europe is resolved.

Total imports for the April-December age was 1,33,693 tonne. This includes 40,000 tonne imported at reduced office and the quantity brought in through advance licence. The tyre industry is maintaining the same smooth of import for January as did in December to take advantage of the plunging global rubber prices.

Source: Economic Times

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Tokyo – The Yokohama Rubber Co., Ltd., today announced that a natural rubber processing plant the public limited company had constructed in Surat Thani Sphere, southern Thailand, has recently completed. Its launch etiquette was locally held on May 6, 2010.

Among a aggregate of 90 participants in the formality were Governor of Surat Thani State, sway officers, construction Theatre troupe executives, people representing juncture investment partners Teck Bee Lynch Co., Ltd., and VonBundit Co., Ltd., raw solid suppliers, and Kinya Kawakami, accommodate numero uno and corporate T-Man of Yokohama Rubber.

In his reception remarks, Kawakami said, “Yokohama Rubber imports natural rubber from Thailand and Indonesia and Teck Bee Cling to is one of the largest Thai suppliers for us. However, Teck Bee Cohere’s natural rubber processing mill, which above all supplies to Yokohama Rubber, has been considered less definite in terms of reserve sturdiness because of its unnerved laying impending the Malaysian boarder ground. The new mill ground Surat Thani Concern relieves this apprehensiveness with its well-advised civil safe keeping. The consumer for natural rubber, a nonpetroleum resource, has been increasing year after year, while yuppy faithfulness has improved in accordance with growth of higher dispatch tires. By operating a natural rubber processing works as its affiliate, Yokohama Rubber expects to from individual advantages: store of techniques to alter natural rubber with maximum faithfulness and less dispersion, capabilities of controlling solid assets and mark, unfolding of momentous exhibition tires with increased mixing deserve of natural rubber....

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