Rubber price touches record ₹300 a kg
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Rubber prices touched a record ₹300 a kg on October 2.
- ✓The Rubber Board said the supply crunch and firm international prices caused this surge.
- ✓"The supply crunch in the domestic market, coupled with support from the international market, are the primary reasons for the surge," an official said.
Story at a Glance
- Category
- MARKET
- Reported By
- The Hindu
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Sharp rise in rubber prices is attributed to a combination of factors, including tight domestic supplies, low rubber production across Southeast Asian countries due to climatic factors, conflict in West Asia affecting synthetic rubber production. Centre plans to include Keralam in the second phase of ATMA's plantation programme to boost local output.
The price of natural rubber in the domestic market has touched the historic ₹300 a kg mark for the first time, extending a rally that has gathered pace over the past few months. According to the Rubber Board's daily price report, RSS-4 grade ribbed smoked sheet (RSS) rubber was quoted at ₹300 a kg on Monday (October 2).
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The Hindu
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