Rubber growers in India oppose government’s move to fix quality standards for cup lump imports

The Indian Rubber Growers Association (IRGA) has urged the commerce ministry to desist from fixing standards for imported cup lumps, saying that it is anti-farmer and against the interest of domestic rubber industry. The move to fix standards and import of rubber cup lumps is unjustified since there are no standards with regard to its […]

Read more

Global natural rubber production up by 6.8 per cent in 2017; India on a declining trend

Global production of natural rubber rose by 6.8 percent last year to 13.3 million tonnes as compared to the 12.4 million tonnes produced in 2016, according to the Association of Natural Rubber Producing Countries (ANRPC). The association noted that almost 90 percent of the world supply was produced by its member countries. Global consumption, meanwhile, […]

Read more

India’s NMCE and ICEX to merge to create the country’s third-largest commodity exchange

The National Multi Commodity Exchange (NMCE), India’s first demutualised online National multi commodities exchange, has decided to merge with Indian Commodity Exchange (ICEX), a press release issued by ICEX said. The proposed merger will create India’s third-largest commodities exchange, offering a wide range of contracts including bullion, oil, rubber and other agri-commodities. The exchange will […]

Read more

Commodity markets in India follow the global bearish trend

Cambay.jpg

Crude oil has officially entered a bear market, declared Commodities king Dennis Gartman in a recent interview to CNBC. “The pain is far from over,” he said, adding that in the long run, crude oil is heading egregiously lower. Prophetic words indeed, as the prices of almost all commodities in international markets are down since […]

Read more