Kerala Floods: Rubber production to be gravely affected, says ATMA

The Automotive Tyre Manufacturers Association (ATMA), the trade body of tyre producers in India, has stated that the recent floods in the rubber producing state of Kerala will gravely affect the Natural Rubber (NR) production in India. In the most devastating flood in...

Rubber futures contracts on MCX starts on August 16, 2018

Multi Commodity Exchange of India Ltd (MCX) will commence trading in rubber futures contract from August 16, 2018. These new contracts are useful for growers, traders, exporters, importers, and tyre manufacturing companies among others, the Economic Times has...

Lanxes, Aramco part ways

Lanxess plans to sell its remaining 50 percent stake in Arlanxeo to its joint venture partner Saudi Aramco. Both companies signed an agreement. The move is to strengthen its financial basis and reduce net financial debt, Lanxess said. Arlanxeo was formed by Lanxess...

Decline in India’s NR productivity, tapped area

India reported substantial decrease in both rubber productivity and tapped area in the year 2017-18, acording to the Rubber Board data. The tapped area during the year was only 78% of the tappable area, against the expected 90%. The average yield, measured in terms of...

NR production in India at six-year low; industry concerned

Natural Rubber (NR) production in India hit a six-year low of 1.26 lakh tonnes in the first quarter of the 2018-19 financial year while consumption stood at the highest level at 3.02 lakh tonnes. Production-consumption gap has widened to 58 percent of consumption in...