India Rubber: Prices extend fall in Kerala on weak local demand

Informist, Wednesday, Jul 20, 2022


By Rahul Dhuri


MUMBAI – Prices of natural rubber extended Tuesday's fall in key markets of Kerala due to weak demand from bulk buyers. However, tight supply limited the fall in prices, traders said.

* There are supply concerns as rain in key producing regions has affected tapping activity. Supply concerns will continue till mid-September, said Raju Varghese, the owner of Kottayam-based Polachirayli Traders.


* In the global market, prices of natural rubber closed higher on Japan's Osaka Exchange due to value buying by investors after the recent fall in prices, analysts said.


* However, the near-term outlook remains weak due to concerns about demand from major global buyers. A rise in global output amid waning demand for natural rubber latex from major importing countries is also seen weighing on the sentiment, industry experts said.


* There are demand concerns due to a rise in COVID-19 cases in China and the growing risk of a global economic recession, market participants said.


* China is the world's top consumer of natural rubber.

Following are the highlights of today's trade:

–In Kerala, which accounts for nearly 70% of India's natural rubber output, the widely-traded RSS-4 variety was sold at 172-173 rupees per kg, down 1 rupee from the previous day.  

–The most-active December contract on the Osaka Exchange was up 1 yen at 240.5 yen (139.62 rupees) per kg. 


US$1 = 79.99 rupees

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT


Edited by Namrata Rao



For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.


Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.


Informist Media Tel +91 (11) 4220-1000

Send comments to


© Informist Media Pvt. Ltd. 2022. All rights reserved.


Other News.

INTERVIEW: Nomura Sribalasundaram says India gilts not a top pick

Informist, Monday, Dec 4, 2023 –Nomura Sribalasundaram: India gilts certainly not a top pick for us–CONTEXT:Nomura rates strategist Sribalasundaram remarks in interview–Prefer Indonesia, Korea bonds over India–India 5-yr bond, swap spread not too exciting–Gilts may outperform OIS, tighten spreads–1-yr OIS shows liquidity ease, not rate cut–See MPC cutting rates in Aug, before FOMC–See RBI cutting repo rate by 100 bps FY25–Expect clarity on […]

IIFL Samasta MD says plan to raise 140-150 bln rupees via debt FY25

Informist, Monday, Dec 4, 2023 –IIFL Samasta Fin MD: Sees 30% growth in loans FY25 –IIFL Samasta Fin plans to raise up to 50 bln rupees via debt Oct-Mar –IIFL Samasta Fin plans to raise up to 140-150 bln rupees via debt FY25 –IIFL Samasta plans to raise 10-15 bln rupees via overseas loan FY25  By Asmita Patil MUMBAI – IIFL […]

India Sugar: Down in north on selling pressure; flat in Maharashtra

Informist, Monday, Dec 4, 2023  By Taniva Singha Roy  MUMBAI – Ex-mill prices of sugar in the key markets of Uttar Pradesh fell today due to selling pressure on mills and subdued demand. Prices in Maharashtra were flat due to lack of fresh triggers, said traders. Mills in Uttar Pradesh reduced prices by 10–20 rupees per 100 kg due to less buying and […]