Natural rubber prices to remain volatile: Analysts

Rubber prices, which touched record high levels last month, are likely to remain volatile in the next year also, according to industry analysts.

"Most of the Rubber growing areas are located on the rim of Pacific Ocean and are frequently troubled by tropical storms impacting the production," National Multi Commodity Exchange CEO Anil Mishra told PTI.

He said that the key growing areas of natural rubber are often visited by tropical storms and these areas also received heavy rainfalls, which affects the tapping of rubber.

Besides this, as the global economy is expanding more demand is being generated for the commodity particularly from automobile segment.

The natural rubber prices are now ruling at around Rs 197-200 per kg, rising from the level of Rs 133 per kg during the same period last year.

(Source: http://www.business-standard.com/india/news/natural-rubber-prices-to-remain-volatile-analysts/118948/&tp=on)