Tuesday, 15 February 2011
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Natural rubber prices hit record on supply crunch
The price of natural rubber (NR) today shot up to Rs 237 a kg due to serious supply crunch in the market. The price of benchmark grade RSS-4 may soon reach a new record of Rs 250 a kg, according to leading stockists here. Since the summer season is on the anvil, the production would fall in March-May, hence prices may rise further. According to Kochi-based dealers, though the Rubber Board data
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