NR prices continue to fall - now approaching $2/kg

ERJ staff report (DS)

Tokyo -- Prices of natural rubber continued to plummet this week. In India the price fell through the Rs 100/kg mark, sparking concern about the future of rubber growers. With prices now around Rs 95 ($1.98)/kg, prices have fallen by a third from the record figure of Rs 141 achieved in early September.

In Tokyo, the six-month price fell to a low of Yen 205.4 ($2.05) at the close on Wednesday down over seven percent on the day and over 20 percent on the week.

In Singapore prices also fell, with RSS3 trading around $2.10/kg, although prices recovered at the close, to reach around $2.20/kg.

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Prices on TOCOM exchange (Tokyo)

Prices on SICOM exchange (Singapore)

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