News

IPG scheme helps smallholders tide over falling rubber prices 2019-10-10

KUALA LUMPUR: The Rubber Production Incentive (IPG) scheme ensures that the farm-gate rubber price for smallholders will not be affected by the decline in world market prices, the Malaysian Rubber Board (LGM) said. It said the government is concerned over the current situation of rubber prices and will continue to...

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RUBBERMARKET INFO WEEK 40 2019-10-08

Previous week's decline lingered on in the rubber market of the past week as it turned out that the reason of the decline was likely termination of the NR activities of China's largest trading company.  In Week 40, most terminal markets for rubber decreased between 2 and 4.5%. Physical prices followed only...

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Ringgit ends easier against US dollar 2019-10-07

  KUALA LUMPUR, Oct 7 — The ringgit ended easier against the US dollar today on lack of buying interest and in line with the weaker Asian currencies, weighed down by continuous uncertainties surrounding the US-China trade tension, said a dealer. At 6pm, the local note stood at 4.1910/1950 against the...

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RUBBERMARKET INFO WEEK 39 2019-10-03

  A week with a drop of up to 5% on the eve of “National Golden Week” in China, that will keep the futures markets closed from October 1 until October 7. Market activities are not big in volume, but people look mostly towards economic indications and those are often translated more towards feelings...

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Toyo Tire’s Serbian plant to start production by January 2022 2019-10-01

Japan’s Toyo Tire Corporation’s first European plant in Indija, Serbia, will start production by January 2022. Toyo plans to break ground in May 2020 at the site. The tyre company will invest $450 million to build a passenger and light truck tire plant there. Toyo has selected a 150-acre site...

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India Rubber: Settles sharply lower as spot markets remain bearish 2019-10-01

By Rahul Dhuri MUMBAI – Rubber contracts fell sharply on the Indian Commodity Exchange because of weakness in spot markets of Kerala, traders said. The most-active October contract ended at 12,500 rupees per 100 kg, down 1.6% from Wednesday. Prices of RSS-4 variety of natural rubber fell 2-3 rupees to 128-130...

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RUBBER-TOCOM falls in line with Shanghai futures 2019-10-01

KUALA LUMPUR, Sept 26 (Reuters) - * Tokyo Commodity Exchange (TOCOM) futures fell in trade on Thursday, in line with losses in Shanghai futures prices. * The benchmark TOCOM rubber contract for March delivery was last down 0.5 yen ($0.0046) or 0.3% at 166.3 yen per kg on Thursday. * The most-active rubber contract on...

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Rubber hit, too 2019-10-01

James Jacob, Director, Rubber Research Institute of India, points out that natural rubber growing regions in India have witnessed marked changes in climate, particularly rising temperatures and altered rainfall pattern in recent years. The rising temperature has varied impact on growth and yield in different agro...

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