Feb 4 (Reuters) - Indian tyre makers bought natural rubber at a record 240 rupees ($5.26) per kg on Friday as farmers squeezed supplies seeking higher prices after a surge in the world markets, a senior official of a dealers body told Reuters.
The earlier record high was 235 rupees struck last month.
"Supplies were less-than-expected as big farmers were not selling. They were waiting for further upside due to rising prices in Thailand," said Ibrahim Jalal, treasurer at Indian Rubber Dealers Federation (IRDF).
Spot rubber price in Thailand, the world's biggest producer and exporter of natural rubber, was $5.90 per kg on Friday. See [ID:nSGE71300E]
($1 = 45.6 rupees) (Reporting by Rajendra Jadhav; Editing by Harish Nambiar)
(Source: http://www.reuters.com/article/2011/02/04/india-rubber-prices-idINBMB01238420110204)
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