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SIPH notes natural rubber price slide, market volatility

Courbevoie, France – Natural rubber company SIPH (Societe International de Plantations d’Heveas) has posted a 75.9% year-on-year rise in first quarter sales to €94.7 million amid what it said was a “highly volatile” rubber-pricing environment.

The French-headquartered group noted a two-fold trading trend on SICOM, with steady rise in prices to $2.28/kg on 15 Feb, before falling to $1.76 as of 30 March.

In Euro terms, SIPH equated the average NR price in the first quarter to €1.96/kg compared to €1.05/kg in the same period a year…

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