Rubber holds steady as global prices crash
Wednesday, March 29, 2017, 10:12 AM
Local Natural Rubber (NR) prices are holding firm due to a decline in tapping in Indian plantations despite international prices slumping 9% over the course of this month. On Tuesday, international natural rubber prices stood at Rs 153.19 per kg, Rs 6 more than the Indian rates. Appreciation of the yen has led to a crash in futures prices in Tokyo and Shanghai.