ACCORDING to a report from the National Multi-Commodity Exchange of India Ltd. (NMCE), an estimated 1,606 metric tonnes of rubber delivery was accounted in January this year, an 80.45% increase from the previous year’s 890 metric tonnes.
“The producers and suppliers have benefited by giving huge delivery on the exchange because the exchange price was more attractive,” stated NMCE, which has a certified warehouse of CWC for delivery of rubber in Kerala near all the producing areas at Aluva, Ernakulum, Kakkanad, Kakkancherry, Kozhikode, Palakkadu, Piravom Road and Thrissur.
“The stock position as on January 30 has reached to 7,148 metric tonnes out of which, 428 metric tonnes are in plastic packing, ” it added.
NMCE has formed an independent team of experts for the periodical check of the quality of rubber in exchange certified warehouses, consisting of a Rubber Board quality expert, and a regional office of CWC and NMCE representative; and which submits independent quality reports as well as guides all the warehouse managers and their staff on rubber quality.
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