Due to disruptions in Thailand (top producer of rubber), natural rubber prices in India are at a 30-months high as the supply is weakened. The tyre makers’ profits would also suffer as they rely on the natural rubber for their products. In fact about 40% of a tyre’s cost is actually of the rubber itself.
The spot price of the most-traded RSS-4 rubber (ribbed, smoked sheet) at the Kottayam market in the top-producing southern state of Kerala rose by 200 rupees to 14,500 rupees ($213.24) per 100 kg, the highest since June 2014. One of the reasons for this price surge is the fact that farmers are delaying their sales as they are expecting more rise in the rubber prices in coming weeks.
According to industry experts, Thailand will lose around 10 percent of its rubber output in the 2016-2017 crop season due to floods. Benchmark TOCOM rubber futures rallied to their highest in nearly four years, extending gains into a third session, boosted by supply concerns after flooding hit a major rubber-producing area in Thailand.
Thailand produces about 30% of total Global Natural Rubber.
Author: Ankit verma
My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I’m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.
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Woah! I’m really loving the template/theme of this site. It’s simple, yet effective.
A lot of times it’s very hard to get that “perfect balance” between user friendliness and appearance.
I must say you’ve done a very good job with this. Additionally, the blog loads extremely
fast for me on Firefox. Superb Blog!
I am really loving the theme/design of your weblog.
Do you ever run into any internet browser compatibility issues?
A couple of my blog readers have complained about my website not operating correctly in Explorer
but looks great in Safari. Do you have any ideas to help fix this problem?