Weak tapping and a price rally in the global market have pushed up domestic natural rubber prices 4 per cent in November, although it is the peak tapping season.
The price of sheet rubber variety RSS-4 used in tyre manufacture reached Rs 130.50 per kg on Thursday, indicating a decline in arrivals in the market as continuing rains prevented growers from going for intensive tapping in Kerala, the largest rubber producing state in the country.
“Rains kept away in the last week and tapping has begun. Maybe we will see more arrivals in the next two months,” said George Valy, a rubber dealer based in Kottayam.
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