New Delhi, Feb 23 (PTI) Natural Rubber prices today fell by Rs seven to Rs 231 per kg in the domestic market due to fall in the prices in the International and domestic future markets.
The prices of natural rubber yesterday at the Kottayam market were ruling at Rs 238 per kg.
"Fall in prices of rubber in the international market, Tokyo Commodity exchange (TOCOM) and in the domestic market has affected the prices in the physical markets here," Indian Rubber Dealers Association President George Valy told PTI.
"Internationally there is lot of voltality in the prices of rubber," Valy added.
Prices of natural rubber in the Bangkok market closed at Rs 289.31 per kg as against Rs 292.05 per kg yesterday.
"The prices in the domestic future markets have been affected due to a fall in the prices in TOCOM," National Multi Commodity Exchange Chief Executive Office Anil Mishra told PTI.
"The prices of rubber at Shanghai, the largest consumer, have also fallen as the demand from China is declining and this has again affected the prices," Mishra added.
(Source: http://in.news.yahoo.com/natural-rubber-prices-fall-rs-7-domestic-markets-20110223-064000-397.html)
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