Rubber futures falls to 4-month low: report

Minister appoints Dr Swaminathan to IPACSL as Chairperson

May 16, 2012 (LBO) – October rubber futures in Tokyo fell to a 4-month low of 265 yen a kilogram (3,317 dollars a tonne) before settling at 270.1 yen on the Tokyo Commodity Exchange, a media report said. Bloomberg newswires said rubber was still up 2.5 percent in 2012.

September futures on the Futures Exchange fallen 0.7 percent to (3,906 dollars) a ton.

Thai rubber on a free-on-board basis fell 1.7 percent to 115.25 baht ($3.67) a kilogram on May 15, the report said, quoting data from Rubber Research Institute of Thailand.

Sri Lanka’s rubber is still sharply higher from January.

Grade one sheet rubber which was auctioned at 359.25 rupees (3.18 dollars) a kilogram on January 03, fetched 480 rupees (3.68 US dollars) on April 26.