NEW DELHI, APR 20:
Natural rubber prices on Wednesday rose by Rs 3 to Rs 239 a kg in the domestic spot markets on back of rise in prices in global futures and spot markets.
The prices of natural rubber yesterday were ruling at Rs 236 a kg in the domestic markets, according to the Rubber Board.
“Rubber prices internationally are facing speculation which is responsible for the rise in prices in both the futures and spot markets,” Indian Rubber Dealers Federation President, Mr George Valy, told PTI.
Futures and spot markets in India are following the trends in the global markets, he added.
The rate of natural rubber in the international physical market at Bangkok today rose by Rs 5.76 to Rs 263.02, compared to Rs 257.26 a kg yesterday, Rubber Board data said.
Similarly, TOCOM, rubber futures prices for May delivery were ruling at 457.8 yen a kg (Rs 245.30/kg), up 3.4 yen (Rs 1.82/kg) from their last trading price.
(Source: http://www.thehindubusinessline.com/industry-and-economy/agri-biz/article1712258.ece)
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