“The future rubber prices will also depend on the U.S economy. An improved performance by the U.S economy will put pressure on world rubber prices led by high demand for tyres” a rubber industry stakeholder commented.
If rubber prices keep on increasing, it is likely to have a drastic effort on industries. “Currently tyre makers were struggling to secure required supplies as dealers were diverting stocks into warehouses and farmers holding stocks anticipating a further rise in price” said George Valy, President of the Indian Rubber Dealers Federation.
Watch this space for updates!
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