Natural rubber prices have fallen by about 10 per cent in the last one month from its
Prices have fallen so sharply because the Greek sovereign debt crisis has hit commodity prices in foreign markets and rubber has fallen there, which has caused this sharp fall," Indian Rubber Growers Association General Secretary Siby J Monippally said.
The price of natural rubber (RSS-4 variety) fell to Rs 154 a kg on May 15 at both
Besides the Greek financial crisis, global prices have also been hit due to less demand from
"The drop in domestic prices has no relation with demand and supply. It is just that prices in
Demand for natural rubber in the domestic market is robust from tyre manufacturers, he added. In the short-term, experts feel that prices would remain stable in the range of Rs 140-150 a kg.
"Unless there is an event, which is out of our control, rubber prices are going to remain in the range of Rs 140-150 a kg over the next 2-3 months," Rubber Dealers Association President George Valy said.
Monday, May 17, 2010
Natural rubber prices fall 10% in one month
Industry Research Reports
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