Spot rubber prices decline
KOCHI: Spot rubber prices declined for the third consecutive day and stood at Rs 110.25 per kg on Friday. The prices had climbed to Rs 112 per kg on Tuesday. The peak production season in rubber has started from October and would last till January 2010. The production in these four months is almost 60 % of the total production in the country.
Domestic prices were expected to increase in line with the increase in international prices, which touched Rs 115.33 per kg on Friday. The oil prices have touched US $ 80 per barrel and might stoke the natural rubber prices by making synthetic rubber prices costlier. Above all the fall in global production has accelerated and stood at of 5.1% as on September 2009. (ET)
http://economictimes.indiatimes.com/markets/commodities/Spot-rubber-prices-decline/articleshow/5153655.cms
Saturday, October 24, 2009
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