February 2011 ~ Test tempalte

Monday, 28 February 2011

Rubber Rally Seen On Falling Stockpiles

Monday, 28 February 2011

Rubber's 15 percent slump in about a week may be the prelude to rallies to a record high, driving up the cost of everything from tires to surgical gloves. Harvests in Thailand, Indonesia and Malaysia, the biggest growers, will fail to meet demand in 2011, leaving stockpiles equal to 69 days of demand, the lowest in more than a decade, Goldman Sachs Group estimates. Prices may advance as much

http://bit.ly/fif9bg

Natural rubber output to fall behind estimates

BEIJING (Commodity Online) : Natural rubber output from the rubber producing nations would lag behind the projected estimates, according to a report from the Association of Natural Rubber Producing Countries. But high prices are prompting farmers to tap rubber in the off-season, reported Peoples Daily of China. The output from rubber producing nations is expected to grow by 4.8% to reach

http://bit.ly/ejrLHU

Spot rubber gains

KOTTAYAM, FEB 28: Rubber prices improved on Monday with sentiments being catalysed by recovery in domestic futuresFresh buying and short covering also lent support. Sheet rubber improved to Rs 220 (217) a kg according to traders. The grade finished unchanged at Rs 221 (221) a kg both at Kottayam and Kochi as quoted by the Board's official website. March contracts rebounded to Rs 223.77 (

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IRCo's WEEKLY MARKET SNAPSHOT: 21 - 25 February 2011

IRCo's DCP fell throughout the week and stayed at 560.50 US cents/kg on Friday while rubber futures and cash prices also fallowed suit due to continued long liquidation on rubber futures in the wake of bearish market sentiments and rising crude oil and gold futures. These circumstances are expected to persist for a short period of time, and market fundaments and supply tightness will outweigh

http://bit.ly/ghx3UI

Liberia Rubber Output Fell 16.5% in 2010, Cocoa Rises

Liberia's rubber and diamond production declined in 2010 from the year before, while cocoa, coffee and gold output increased, according to the West African nation's central bank. Rubber fell 16.5 percent in 2010 to 52,495 metric tons, while diamonds slipped to 25,357 carats from 36,752 carats, the Monrovia-based Central Bank of Liberia said in an e-mailed report today. It blamed ageing trees for

http://bit.ly/h5naum

Rubber To Rise Amid Increased Demand, Low Supply

Rubber has slumped 15 percent in the last week, but analysts see the slump as a prelude to record highs. Prices may advance by up to 32 percent to 605 yen a kilogram ($7,407 a metric ton) by December, according to the median estimate in a Bloomberg survey. Bridgestone (OTC: BRDCY) and Michelin are responding to raw material price increases by raising their own prices as much as 15 percent.

http://bit.ly/fbkKOf

Tokyo rubber futures slump

Tokyo� (march 01, 2011) : tokyo rubber futures tumbled on monday on concerns over demand from china, prompting investors to close positions, but firmer oil prices helped trim losses. the benchmark rubber contract on the tokyo commodity exchange for august delivery fell as much as 14 yen or 2.9 percent in early trade from friday's settlement at 475 yen. as of 0025 gmt, it was at 463.8 yen, down

http://bit.ly/iahhpp

Farm dep't earmarks P50M to boost Basilan rubber output

ZAMBOANGA CITY -- The Department of Agriculture has allocated P50 million this year to boost the rubber industry in Basilan, a conflict-affected island that had pioneered rubber production and processing in the country, the province's chief executive said. Basilan Governor Jum J. Akbar, who met with Agriculture Secretary Proceso J. Alcala recently, said in a recent interview that P30 million of

http://bit.ly/ikxTRQ

Cotton crisis sends prices soaring

HACKENSACK, N.J. -- Price surges in cotton and other fabrics have retailers and manufacturers feeling stretched, and facing a tough choice: Pass higher costs along to their customers or absorb them, thus cutting into profit margins. So far, consumers haven't really felt the impact of cotton prices that have jumped more than 130 percent in a year to the highest prices per pound since the Civil

http://bit.ly/h9HPYp

Soft Cotton, Hard-Hitting Prices

Calling all shoppers: the price of clothing is expected to continue rising due to high labor costs and high demand for goods. With the record high cotton prices, the clothing industry seems to be negatively impacted. According to an Associated Press article , cotton can cost as much as a whopping $1.90 per pound, doubling in price from last year. It hasn't been that high since the Civil War,

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Lift cotton export ban, demand Vidarbha farmers

Nagpur, Feb 27 (IANS) Demanding that the export ban on cotton be lifted, over 2,000 farmers and farm widows Sunday hanged the effigies of union Finance Minister Pranab Mukherjee and Agriculture Minister Sharad Pawar in this Maharashtra district. 'The farmers demanded lifting of ban on cotton exports, a bailout package for dying cotton farmers and rehabilitation of 10,000 farm widows,' said

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Local coffee firms cry foul at foreign rivals

VietNamNet Bridge - Foreign rivals are leaving many local coffee processors and exporters crying for help from local authorities. Vietnam's Coffee and Cocoa Association (Vicofa) recently asked municipal and provincial departments of industry and trade, and investment and planning not to allow foreign firms to establish coffee-purchasing networks in their localities. The move came after

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Price of coffee about to jump again

Bad news for fans of a morning staple - the price of that cup of coffee will soon cost you more. Prices have been rising steadily over the past four or five years but these rises have accelerated since May of last year. Coffee roasters are passing some of the cost on to consumers. Last fall, Starbucks said it was raising the price of large and labor-intensive drinks to offset the cost of

http://bit.ly/fHbnTn

Natural rubber output seen up 4.8pc

SINGAPORE, Feb 28 � Global natural rubber output will rise nearly 5 per cent in 2011, a senior economist of the ANRPC grouping of rubber-producing nations said today, lower than 8 per cent targeted by their governments, as record prices take their toll on yield. "Farmers have already exploited available short-term means on the heels of abnormally high prices. Therefore, scope for further

http://bit.ly/fZ76Kh

Cargill receives first UTZ Certification for cocoa beans in Vietnam

Cargill Vietnam has received the first Vietnamese UTZ Certification for cocoa beans at a ceremony at the cocoa buying station in Chau Thanh District in Ben Tre province. Harold Poelma, managing director of Cargill Cocoa & Chocolate Company, claimed that the delivery of the first UTZ Certification for beans produced in Vietnam was an important milestone in Vietnam's development as a producer of

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NMCE Rubber recovers on short covering

NMCE rubber futures recovered from previous losses on active short covering on Saturday. Futures started the day on lower note on extended selling pressure. However, prices reversed the trend on short covering at lower levels and traded on positive note. Moreover, gains were limited taking cue from negative closing on TOCOM rubber futures. TOCOM settled at � 457.60 per Kg. on Friday on strong