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Natural rubber News
Natural rubber prices hit record on supply crunch The price of natural rubber (NR) today shot up to Rs 237 a kg due to serious supply crunch in the market. The price of benchmark grade RSS-4 may soon reach a new record of Rs 250 a kg, according to leading stockists here. Since the summer season is on the anvil, the production would fall in March-May, hence prices may rise further. According to Kochi-based dealers, though the Rubber Board data projects
Natural rubber production rises marginally
Natural rubber (NR) production increased 2.8 per cent between April 2010 and January 2011. According to provisional estimates by the Rubber Board, the consumption of rubber grew 1.8 per cent, a
Tyre firms demand duty-free NR imports
While welcoming the recent relief measures by the government for natural rubber (NR) imports, the tyre industry has asked for a complete waiver of import duty.
Tyre makers to raise prices again
Tyre manufactures may increase prices again due to the sharp rise in natural rubber (NR) prices. It will be the fourth increase in the current financial year. The quantum may vary from company to
Natural rubber prices at record high
Natural rubber (NR) prices reached Rs 220 a kg on strong global cues coupled with high demand across the world. This is the first time that the local market crossed the Rs 220-a-kg mark. In
Rubber prices hit record high on overseas rally
Natural rubber prices in India extended the previous session’s gains on Thursday to hit a new record high, tailing the rally in overseas markets spurred by a supply crunch, dealers and analysts |
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