ERJ staff report (BC)
There has been no rubber tapping in Kerala, India for more than two weeks because of monsoon rains, Huileng Tan of the Wall Street Journal reports an industry official as saying.
“Supply is extremely tight in the domestic markets as there’s been no production in the last 19 days,” President of the Indian Rubber Dealers Federation George Valy said.
Buyers in the world’s second-largest consumer of natural rubber have been forced to look overseas for supply. Farmers are not releasing stocks because they are…