You are on page 1of 4

PROLOGUE

EDITORIALS

EXPERTS' VIEWS

INDIAN ECONOMY

Rubber fundamentals - World (in `000' tonnes)
Natural rubber production

2010

2009

2008

2007

2006

2001

World
Asia
Africa
Synthetic rubber production
World
EU-27
Natural rubber world stocks
Synthetic rubber world stocks
Source: International Rubber Study Group.

10,291
9,637
459

9,662
9,042
423

10,042
9,399
447

9,833
9,386
444

9,706
9,315
421

7332
-

14,002
2,607
1,503
3,449

12,087
2,210
1,880
3,309

12,743
2481
1,519
3,056

13,387
2,683
-

12,653
2,710
-

10483
-

2009-10

2008-09

2007-08

2006-07

2001-02

Production
8,61,950
8,31,400
Imports
1,88,337
1,77,133
Consumption
9,47,715
9,30,565
Consumption by tyre industry
4,79,066
Exports
20,580#
25,611
Ending stocks
2,77,600
2,11,290
Average daily volatility MCX spot prices
1.34%
1.15%
TOCOM price (Rs/qtl)
11,009
Indian Price (Rs/qtl)*
19,014
11,501
Note: # - Figures released till Feb; ^Apr 2010 to Jan 2011 * - Price averaged for FY
Source: AgmarkNet, Economic Survey 2008-09, 2009-10, 2010-11; The Rubber Board of India

8,64,500
77,762
8,71,720
5,10,469
47,953
1,96,230
6.06%
10,259
10,103

8,25,345
85,753
8,61,455
4,95,577
61,086
1,67,120
1.05%
9,527
9,089

8,52,895
89,699
8,20,305
4,62,081
52,286
1,63,530
1.26%
9,702
9,202

6,31,400
49,769
6,38,210
5,918
1,93,070
-

2008-09

2007-08

2006-07

2001-02

Production
1,10,340
1,06,743
96,739
1,06,286
SBR
19,994
17,997
12,523
16,879
PBR
75,905
72,666
71,758
74,045
Imports
3,91,184
3,31,147
2,24,193
2,50,762
Consumption
4,11,830
3,47,710
2,92,950
2,97,155
SBR
1,74,855
1,38,905
1,11,745
1,10,965
PBR
1,25,305
1,04,465
82,740
88,205
Ending stocks
35,450
34,910
25,670
26,225
Note: #April-Dec 2010; *April-Nov 2010 - Jan 2010; SBR - Styrene Butadiene Rubber; PBR - Polybutadiene Rubber; p- provisional
Source: The Rubber Board of India; Trade Sources

99,513
12,285
71,730
2,26,786
2,70,830
98,170
79,900
26,410

69,653
16,182
42,244
1,14,223
1,74,530
55,945
49,995
32,810

Rubber fundamentals - India (in tonnes)
Natural rubber

2010-11

-

Synthetic rubber fundamentals - India (in tonnes)
2010-11

2009-10

Reclaimed rubber fundamentals - India (in tonnes)
2010-11*

2009-10

2008-09

2007-08

2006-07

2001-02

Production
75,070
Consumption
74,615
Ending stocks
5,735
Note: *April 2010 - Dec 2011; Source: The Rubber Board of India; Trade Sources

93,580
92,250
5,280

86,390
86,030
3,995

83,075
83,165
3,635

78,495
78,435
3,725

63,550
63,875
3,005

Tyres & tubes fundamentals - India (in '000 nos.)
2010-11

2009-10

2008-09

2007-08

2006-07

2001-02

1,19,196
1,17,027
-

97,608
4,767
95,241
10,382

82,107
4,064
80,515
7,732

81,103
3,334
79,202
7,683

74,034
2,587
71,757
7,082

43,496
280
44,462
3,796

2008-09

2007-08

2006-07

2001-02

Ribbed Smoked Sheet (RSS)
607,455
621,435
597,440
Solid Block Rubber
235,130
190,545
146,060
Latex Concentrates (drc)
77,380
82,515
80,520
Others
27,750
36,070
47,700
Total
947,715
930,565
871,720
Source: Source: Indian Rubber Statistics, Ministry of Commerce & Industry, Govt. of India. & Rubber Board of India.

577,635
155,670
77,715
50,435
861,455

561,580
132,755
76,190
49,780
820,305

453,465
65,650
62,990
49,295
631,400

Tyre Production
Tyre Imports
Tyre Sales
Tyre Exports

Note: The Rubber Board of India, Trade Sources, Director General of Foreign Trade
Source: AgmarkNet, Economic Survey 2008-09, 2009-10, 2010-11; The Rubber Board of India

Grade-wise consumption of natural rubber in India (in tonnes)
2010-11

2009-10

292 Commodity Insights Yearbook 2011

178_300_CYIB_2011_Agri_final.indd 292

1/26/2012 1:29:47 AM

08 132. Source: Rubber Board of India.86 796.16 262.62 145.indd 293 A PwC & MCX Joint Endeavour 293 1/26/2012 1:29:47 AM .64 57.91 466.63 57.30 59.72 186.66 122.96 339. GOI Castor:Production.72 164.40 248.52 118.63 42.83 97.16 165.mcxindia.04 151.51 24.62 57.89 73.90 189.21 40.55 162.71 139.75 169.58 28.49 308.com / www.28 411.05 45.20 62.81 100.09 254.57 217. Agmarknet www.83 107.06 53.AGRI COMMODITIES DATABANK .26 112.08 N/A 16.68 149.80 135.07 322.06 75.71 92.44 184.89 63.95 49.06 200. Average Prices of India for the month of March Source: Economic Survey 2010-11.40 261.34 195.44 175.pwc.52 158. Rubber Board.20 70.70 129. Rubber state-wise monthly arrivals (in tonnes) Month Kerala Tamil Nadu Sep-07 Aug-07 Jul-07 Jun-07 May-07 Apr-07 Mar-07 Feb-07 Jan-07 Dec-06 Nov-06 Oct-06 Sep-06 Aug-06 Jul-06 Jun-06 May-06 Apr-06 79.com/in/en 178_300_CYIB_2011_Agri_final.99 55.24 265.49 52.00 42.75 145.12 267.Provisional.18 201.69 324.60 45.38 302. Seeds Prodn.51 57. of Societies Rubber Marketed 263 267 270 279 285 34345 38500 58055 73030 103611 2009-10 P 2008-09 P 2007-08 P 2006-07 P 2001-02 Note: P .51 113.64 436.18 64.28 49.78 391.12 71.28 90.25 109.22 51.60 158.46 219.80 152.80 120.91 104..66 1586.38 136.65 154. of Agriculture.87 177.98 65.78 12.06 107.82 180.00 41.37 59.56 536. Oil Exports && Prices Prices Rubber Consumption in tonnes Price Rs/qntl 1000000 Production Consumption 21000 Rss -4 Kottayam Prices (RHS) 750000 16500 500000 12000 250000 7500 3000 0 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 Source: Source: SEA of India & Agmarknet.10 Rubber marketed by co-operative societies inIndia (in tonnes) Year No.43 90.60 138.97 52.96 1662.21 782.48 44.49 358.06 137.DATABANK .54 N/A N/A 132.06 185.87 492.76 165.51 145.68 167.80 195.64 Note: N/A .48 291.05 107.50 108.20 60.Not available Source: Dept.17 241.99 111.05 237.04 333.44 74.57 178.04 151.NON-AGRI COMMODITIES Rubber state-wise monthly arrivals (in tonnes) Month Kerala Tamil Nadu Mar-11 Feb-11 Jan-11 Dec-10 Nov-10 Oct-10 Sep-10 Aug-10 Jul-10 Jun-10 May-10 Apr-10 Mar-10 Feb-10 Jan-10 Dec-09 Nov-09 Oct-09 Sep-09 Aug-09 Jul-09 Jun-09 May-09 Apr-09 Mar-09 Feb-09 Jan-09 Dec-08 Nov-08 Oct-08 Sep-08 Aug-08 Jul-08 Jun-08 May-08 Apr-08 Mar-08 Feb-08 Jan-08 Dec-07 Nov-07 Oct-07 279.

2 249.6 170.143 16.627 8.686 13.403 18.3 169.229 Jan-10 13.757 9.689 8.691 8.207 Sep-09 10.2 155.910 9.284 7.098 18.433 11.3 352.685 Jun-06 10.061 Dec-09 13.672 9.925 10.114 Jun-08 12.615 8.533 Feb-09 6.2 144.256 9.5 298.981 18.679 5.635 10.030 6.4 135.099 8.603 9.308 9.287 13.199 20.520 18.6 124.9 171.911 11.169 9.889 10.873 18.428 Nov-08 7.3 168.985 11.714 9.995 17.711 11.271 10.566 6.155 13.103 15.718 9.166 16.685 8.0 319.1 200.712 9.716 8.954 15.096 Aug-07 8.518 Nov-06 8.010 8.9 147.445 8.9 141.832 9.0 174.835 Aug-09 10.943 8.478 9.824 10.055 Sep-10 16.952 20.800 8.8 315.502 7.889 Jul-10 18.2 183. WPI of Rubber 359.037 9.221 10.126 16.660 9.8 152.206 Apr-07 8.979 9.8 172.9 192.247 8.510 10. Agmarknet.260 10.674 Feb-10 13.293 8.591 10.042 Sep-07 8.104 10.140 12.125 Oct-09 10.963 10.627 16./Quintal Kottayam 19.217 17.080 7.4 187.6 327.7 190.715 10.4 177.501 14.921 7.795 13.0 114.970 16. 08 to Dec 3.510 Jul-06 9.5 146.8 250.033 7.199 9.7 166.700 8.296 Jul-08 13.8 246.938 8.150 Aug-08 13.0 178.564 7.8 186.349 12.370 20.966 8.960 13.440 11.780 9.100 11.145 Feb-08 9.754 6.870 10.017 Oct-07 9.952 13.653 10.6 173.3 149.170 Dec-06 8.4 294 Commodity Insights Yearbook 2011 178_300_CYIB_2011_Agri_final.104 9.786 9.215 Jan-09 7.865 7.692 9.3 196.7 156.2 293.0 217.053 May-10 15.5 290.841 8.600 7.885 11.613 14.600 Apr-08 10.indd 294 1/26/2012 1:29:47 AM .487 Dec-08 6.373 14.970 Aug-10 17.200 Mar-09 7.856 8.566 Jun-10 17.419 Apr-06 8.200 Apr-09 9.1 238.106 May-08 12.424 8.510 10.093 8.051 Note: Trading suspended from May 7.807 10.668 9.102 19.653 17.497 17.513 Sep-08 13.PROLOGUE EDITORIALS EXPERTS' VIEWS INDIAN ECONOMY Rubber monthly spot prices at MCX and other major physical market in India Month Month's Low Spot price (RSS-4) Rs.493 Oct-10 18.821 10.454 12.114 10.Wholesale Price Index.7 166.787 10.526 7.584 Dec-07 9.988 18.6 180.399 8.250 9.287 12.887 Mar-08 10. Ministry of Comerce and Industry.744 Jun-07 8.441 9.806 Aug-06 9.900 7.653 MCX monthly spot prices Kottayam (Rs/qtl) Monthly Average Month's High Dec-10 20.713 12.533 13.440 Feb-07 9.5 177.450 Nov-07 9.530 7.466 9.011 Mar-10 14.764 13.995 Jun-09 9.221 9.073 Nov-09 11.573 19.323 8.3 175.681 10.996 6.872 14.754 9.431 9.674 9.2 238.914 6.486 Mar-07 9.822 14.396 14.0 127.1 164.5 157.926 10.753 Jul-09 9.222 8.646 10.6 154.143 11.773 14.696 8.000 8.129 Jan-07 9.071 9.282 13.6 228.285 Jul-07 7.225 8.358 9.662 6. Source: MCX.194 19.088 Jan-08 9.785 10.9 246.393 9. 08.742 7.182 9.278 9.050 May-06 9.110 Apr-10 16.301 Sep-06 8.825 9.659 7.900 Oct-08 9.0 169.994 9.3 268.752 Nov-10 19.261 10.085 9.705 May-07 8.983 16.5 161.260 16.702 14. WPI .3 158.573 10.011 9.971 12.686 8.774 13.019 May-09 9.400 13.4 307.882 9.153 Oct-06 8.674 15.074 15.

3 289.4 487.4 777.6 486.862 14.613 12688 Jul-08 N/T N/T N/T N/T N/T N/T 336.490 6.596 6.625 303 130 294.672 33.205 17.143 13.061 570 260.925 16.925 19.684 8064 Mar-09 6.920 38.693 20.6 780.134 30.519 48.003 44.344 27.962 53.998 102 57 130.861 0 0 343.4 228.620 29.373 13740 Jun-08 N/T N/T N/T N/T N/T N/T 340.167 11.147 9792 Nov-07 9.002 38.937 8.253 17.574 6117 Nov-08 N/T N/T N/T N/T N/T N/T 125.820 10297 Dec-07 9.446 15406 Jul-10 18.255 239.0 239.850 7.592 0 0 380.747 9.079 44.749 11.1 349.225 9.159 34.120 10.625 125 24 322.9 212.850 100 1 208.8 346.075 60 8 307.241 11.0 403.0 293.806 7.772 14.416 3.966 11.327 16.1 543.241 226 72 297.0 331.199 31.450 8.136 9.3 258. '08.2 288.136 10.162 9.570 0 0 405.892 0 0 359.258 6.048 7.998 7.950 9.890 30.472 8.749 10.7 164.200 8.905 871 8 208.252 33.259 38.021 9.5 160.100 7.920 8.412 128 278.910 8404 Apr-09 8.605 16.202 8150 May-09 10.0 315.510 8.758 17.191 9.253 2 0 310.059 21318 Nov-10 18.693 20.756 53.542 14.987 479 284.575 8.290 18.285 8.276 9802 Mar-07 9.365 38.876 50.416 15668 Jun-10 16.682 7. Source: Exchanges' websites www.225 154 3 278.290 8.519 275.964 43.850 8.7 537.544 9. '08 to Dec 3.267 7433 Feb-09 6.550 9.923 48.384 10.022 28.529 9.177 10.573 16.5 545.9 1.099.303 557 257.778 1 0 395.253 52.014 1.8 176.406 10970 Jan-08 9.195 9.863 10.2 248.219 7.4 643.104 48.456 14.0 243.542 3 1 329.3 662.906 9588 Apr-07 9.650 9.5 222.8 491.743 9.0 760.847 8410 Sep-06 8.1 348.143 15.742 2.433 36.079 16.694 16114 Aug-10 18.AGRI COMMODITIES Rubber futures prices and trading activity Rubber monthly MCX futures prices (Rs/qtl) Month Open High Low Close Volume (in lots)^ Rubber TOCOM futures Open interest (in lots^^) Closing price (Yen/kg) Volume (in lots)^ Open interest (in lots^^) Thailand Rubber PricesRSS-4 (Rs/qtl) Dec-10 19.546 18.697 32.047 10515 Aug-09 9.890 36 38 133.947 15.985 10.400 11286 Mar-08 10.DATABANK .088 7409 Dec-08 6.635 13826 May-08 11.863 10.788 11320 Feb-08 9.143 0 0 284.658 75 73 312.040 18.959 17258 Sep-10 17.1 279.4 184.667 11.791 16863 May-10 16.132 11665 Jun-06 11.821 7768 Nov-06 9.749 0 0 188.222 9.503 9.3 431.6 609.848 667 188.060 10.490 9.479 20.130 670 274.497 55.143 15.350 9.250 9.574 9837 Oct-07 8.640 9.350 9828 Sep-08 N/T N/T N/T N/T N/T N/T 262.770 8.076 16675 Apr-10 15.com/in/en 178_300_CYIB_2011_Agri_final.mcxindia.546 0 0 303.241 11.688 37.899 11.057 544 266.746 38.966 0 0 234.082 10263 Jul-06 10.757 0 0 235.3 867.577 9.189 8.428 64.490 45 9 148.753 10.875 13.365 12738 Apr-08 9.7 363.148 34.015 30.400 7.766 14193 Dec-09 11.805 9880 Jul-09 9.926 51.850 8.984 1.036 36.6 187.425 40.976 217 255.653 5.142 8382 Jun-07 8. ^^Cumulative open interest in all contracts at the end of month.434 10.com / www.900 10.742 18.966 11.077 10.361 55.312 8689 Aug-07 8.499 7.167 83 6 242.244 397 248.066 1.670 15128 Feb-10 13.937 15 0 156.483 37.899 233 53 277.540 9.542 16.4 376.050 8.610 16.758 17.0 224.528 41.673 6.2 484.1 536.156 47.875 13.760 9.536 9.4 280.925 8.146 7.494 46.763 8.577 0 0 195.570 9108 Sep-07 8.838 1.720 6.178 33.320 9.0 254.753 10.260 9.8 353.8 393.765 14455 Jan-10 13.052 76.947 27.931 12.397 39.167 11.2 748.pwc.5 728.792 17186 Mar-10 14.804 51.663 7358 Oct-06 7.182 7.899 11.495 8.700 8.870 9.862 0 0 259.850 8.768 12438 May-06 9.801 49.824 8566 Oct-08 N/T N/T N/T N/T N/T N/T 169.059 6.475 9.772 13.757 10.154 13095 Nov-09 10.040 18.8 230.476 7.925 9.770 7.862 11.345 8431 Aug-06 9.797 10561 Jan-07 10.706 49.428 9192 May-07 8.938 9.391 9.623 46.529 10.830 10999 Sep-09 10.041 13235 Aug-08 N/T N/T N/T N/T N/T N/T 342.670 7.968 29.383 10887 Apr-06 8.210 64.925 0 0 317.447 28.764 9.405 9.942 9.165 260.385 10. Future prices are for near month continuos futures contract.731 10029 Feb-07 10.710 7.938 9.542 16.763 92 4 230.617 3.8 435.533 583 100 258.445 47.852 10.369 8.742 18.000 9.914 1.009 31.731 17.674 4.0 237.921 9276 Dec-06 7.925 0 0 158.675 10.NON-AGRI COMMODITIES DATABANK .503 7336 Jan-09 7.162 54.752 4.570 19.656 34.7 258.2 743.606 9.339 262 109 282.338 8651 Jul-07 7.698 9.434 10.001 13.823 27.indd 295 A PwC & MCX Joint Endeavour 295 1/26/2012 1:29:48 AM .742 0 0 297.899 9.000 11.485 9.260 9.854 9661 Note: ^Aggregate volume in all contracts during the month.863 3 0 188.938 0 0 156.772 0 0 262.610 15.925 20.250 30.0 719.1 605. Trading suspended between May 7.450 268 41 135.177 304 99 292.892 11823 Oct-09 10.850 9.539 9.527 19571 Oct-10 16.547 18.1 683.403 8490 Jun-09 9.2 909.300 8.985 38.861 16.