On 18th April 2011, the domestic NR price (RSS4 grade) closed at Rs. 239 per kg at Kottayam and Rs. 261.94 per kg (RSS3 grade) at Bangkok, on weak sentiment. Natural rubber prices may fall due to fall in rates in global physical and future markets.
According to Rubber Board of India, natural rubber production in the country rose to 8,61,950 tonnes in 2010-11, an increase of 3.67% against 8,31,400 tonnes in 2009-10.
The board has projected NR production at 9,02,000 tonnes and consumption at 9,77,000 tonnes during 2011-12.
Read lot more in Rubber4U – 15th April 2011 issue
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