New Delhi, Apr 5 (PTI) Natural rubber prices today rose by Rs 3 to Rs 243 per kg in the domestic spot markets, the highest for the current year, largely on back of increased demand amid low supply in the market.
Natural rubber prices were ruling at Rs 240 per kg yesterday in the domestic physical markets, Rubber Board data showed.
"Natural rubber prices have increased today as the farmers are not bringing the produce in the market that led to increased demand amidst low supply," Cochin Rubber Merchants Association Advisor N Radhakrishnan told PTI.
Some produce came into the market in the late afternoon which has softened the prices a bit, he added.
"Tapping has again started in most of the plantations and hence we can expect the prices to come down in the next ten days," he pointed out.
Today''s rubber prices of rubber is the highest for the current year. It had touched Rs 240.50 per kg on February 18.
(Source: http://news.in.msn.com/business/article.aspx?cp-documentid=5102214)
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