Bangkok market quoted September 22 Rs 98/kg (about US$ 1.61/kg or Euro 1.25/kg) for bench mark grade RSS-4 while Tokyo Commodity Exchange (Tocom) recorded a crash ranging from 5.7 to 8% in various contracts. This is for the first time in last seven years, Bangkok records a price below Rs100 mark. On last Friday, Bangkok had a price tag of Rs 100/kg. On this day, last year the price was Rs 160/kg, there.
Compared to this India is rather better positioned as RSS-4 gets Rs 124/kg in top Kottayam market. According to experts this steep fall in price is due to the poor off take by China, world‘s largest consumer and by the European nations. The current economic slow down in China favours a sluggish demand while the drop in the price of synthetic rubber (SR) attracts European consumers.
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(dw)
