Rubber rises 9% despite demand dive

Kochi: Natural rubber prices have risen 9 per cent year on year in the peak tapping period of December, even as consumption of natural rubber remains muted.

The price of the RSS-4 variety, which is used by the tyre industry, stood at Rs 132.50 per kg on Tuesday, up 6 per cent in the past six weeks. Rubber futures also indicated an upward trend, with January contracts trading at Rs 135.89 per kg on the Indian Commodity Exchange (ICEX).

Industry executives said there was a slowdown in…

View entirety: Economic Times