Prices in spots and futures of Indian natural rubber are both showing positive trends.
Milan Shah, the agri-commodity analyst said that on the NMCE, India’s natural rubber prices are on Rs. 18680 which is a positive trend in rubber.
Rubber prices in India were not able to achieve the psychological Rs 200/kg mark even if the Tokyo Commodity Exchanged on Tuesday exhibited a sharp rebound on the India rubber prices as the effect of the cartelisation of the three largest producer of rubber in the world, Thailand, Indonesia and Malaysia.
On the other hand, the Kottayam markets located in South of India saw sales rate of 196/kg on Thursday.
There is a shortage present in the market though because of the rains. Many tyre manufacturing companies became active again.
(PRA)