Indian and international rubber prices showed a downtrend in the week starting September 3, 2018.
The price of RSS4 in the Indian market which stood at Rs134 a kg on September 3 declined to Rs132.00 on September 8, according to Rubber Board data.
ISNR 20 declined from Rs132 a kg on September 3 to Rs129 on September 7, while the price of Latex (60%) fell from Rs114.10 on September 3 to Rs105.65 on September 7.
International prices of RSS 3 showed a downtrend from $146.6 per 100kg on September 3 to $143.89 on September 7. The price of RSS4 declined from $145.69 per 100kg on September 3 to $142.98 on September 7.
The anticipated fall in India’s rubber production as a result of the recent floods in Kerala is likely to push by rubber imports and thereby cause further fall in rubber prices in the domestic market, according to market sources.