Never miss a great news story! Get instant notifications from Economic Times Allow Not now. India consumed about 19 mtpa of gas in the last fiscal, with half the requirement being met by imports. The rubber price touched Rs per kg on Wendesday, 12 per cent up from the beginning of the month.
Right now natural gas is going through period of price consolidation and waiting for the prediction of winter. The money managers or speculators have increased net long position aggressively. According to a senior executive at the Rubber Board, Indian rubber prices generally track international prices and the market invariably adjusts to international prices often with a time lag.
The natural rubber market has not been able to gain traction from the reduced growth in global supply due to dominant influence of a host of other factors. Tocom December futures jumped higher by 0. ANRPC has based the latest report on the monthly production in major rubber producing countries in the first five months ended May This is the minimum amount which is required to buy "x" number of lots of a particular commodity to trade in futures market.
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Add to Wishlist Set Alerts. Lower price of imported gas to benefit Indian companies News 23 Nov, , Natural Gas trading in narrow range: Will it break higher or lower? News 23 Nov, , Indian natural rubber follows global path, price likely to touch Rs soon News 23 Nov, , Natural rubber climbs to 2-month high News 23 Nov, , Trend D M Y.
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