rubber price news this week, global agribusiness agriculture - Rubber futures were also inflated this week, as the market took its cues from the local spot market. The spot market was left with little arrivals last week and the onset of monsoons has also been contributing towards tightness in the market.
However, the expectations of higher produce in the coming days might be a solace for the market and might result in prices stepping back in the days to unfold. According to the Association of Natural Rubber Producing Countries (ANPRC), the production is estimated to have increased 5.6 per cent in the first quarter of 2011.
The production is also estimated to rise by another 7.2 percent in the second quarter of the year, added ANRPC. Rubber futures for the most active June contract climbed above Rs.230 per Kg briefly during the final trading day of the week, and closed at Rs.227.97 per Kg on Friday, up 6.13 percent as compared to the previous week’s closing.
rubber, price, this week, global, agribusiness, agriculture, market, natural rubber producing countries, production, june, 2011, contract, trading, anprc
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