New Delhi, May 17 (PTI) Natural rubber prices have fallen by about 10 per cent in the last one month from its peak of Rs 170 a kg taking cues from global markets, where rates have declined on concerns over Greece's debt crisis, experts said.
"India is integrated with the international market.
Whatever happens overseas will reflect here too. Prices have fallen so sharply because the Greek sovereign debt crisis has hit commodity prices in foreign markets and rubber has fallen there, which has caused this sharp fall," Indian Rubber Growers Association General Secretary Siby J Monippally said.
The price of natural rubber (RSS-4 variety) fell to Rs 154 a kg on May 15 at both Cochin and Kottayam markets from Rs 170 a kg a month ago, according to Rubber Board's data. At Bangkok, prices are currently ruling at Rs 157.46, down from Rs 180.36 on April 26.
(ptinews.com)
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