Domestic natural rubber prices hit all-time high

New Delhi  Natural rubber prices are for the third consecutive day to a peak of 214 rupees per kilo in the market today by a decline in arrivals and strong global signals, which could have an impact on the Tire profit margins of producers are met.
Natural rubber prices closed at 210.5 rupees per kg at Kottayam and Kochi market yesterday, compared with 209.5/kg R at the previous meeting.

Today, the prices of natural rubber more than establish a record of all time has increased from Rs 214 per kg in the main shopping centers of the goods.

According to industry experts, an increase in demand in the U.S. on the back was better than expected growth in the automotive industry to world market prices for raw materials and the impact in the domestic markets felt pushed.

International rubber prices are in touch new highs and domestic prices have only said after the India Rubber Motor Federation President George Vally.

He said the prices are expected to rise because there is still a big difference between domestic and international prices.

Natural rubber prices have risen in recent months due to production interruptions in Kerala, which represents 90 percent of the national production of goods, with a meeting on the international markets.

Indian production of natural rubber in 2010 were at about 8.5 lakh tonnes set, while total demand for natural rubber in the country nearly 10 lakh tonnes per year.

(Source: http://www.expressindia.com/latest-news/Domestic-natural-rubber-prices-hit-all-time-high/734223/)