As per media reports, the price of local natural rubber fell below Rs130 a kg for the first time since 2009. There is panic in Kerala’s growing areas as the price is likely to fall. There is a possibility the price would touch Rs120 a kg. Meanwhile, the global market faces a grim situation.
The Thailand military government has approved a plan to sell its 200,000 tonnes on Monday. This could hit prices in the short term. The global market parameters indicate a low price regime for the next few years.
