Rubber Prices Surge Past Rs 200-Mark for the First Time in 12 Years

Rubber prices have surpassed the Rs 200 mark for the first time in 12 years, reaching Rs 203 per kilogram as of June 8. However, the Rubber Board recorded the price at Rs 199 on June 10, while trading prices hovered around Rs 194. In April, the rate stood at Rs 190 per kilogram. Historically, rubber prices were Rs 113 during the 2014-2016 period and peaked at Rs 208.65 during the 2011-12 period.

The current surge in rubber prices aligns with international market trends and is influenced by factors such as the floods in Thailand, a major rubber-producing country, and the wintering season. The increase in prices is expected to persist due to a shrinking market supply. Major corporations are proactively securing large quantities of rubber, often three to four months in advance, in anticipation of a future shortage.