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)
Rubber traders face crisis as prices crashÂ Business Standard (India)
Kerala in latex soup again! Rubber prices crash Commodity Online (India)
COMMODITIES-Oil falls below $89, gold rises on shares Reuters (India)
Traders say fall in rubber price to cause Rs 70 cr loss Business Standard (India)
Rubber traders face crisis as prices crash The Hindu Business Line (India)