Imports, slow tyre sales cool domestic rubber price

The natural rubber prices in the domestic market have decreased due to a combination of factors such as increased imports, shutdowns for holidays, and slow tyre sales. The price of RSS4 grade rubber in the Kottayam market is currently at ₹201 a kg, down from an average of ₹212 a kg in the previous months. Traders are struggling to make sales as they have excess stocks, and farmers are hoping to receive at least ₹200 a kg to incentivize production. The international market is also experiencing high volatility, with varying reports from rubber-producing countries. Despite earlier complaints of a shortage, rubber production depends on weather conditions. Rubber tapping has increased after the holidays, leading to a slowdown in demand. Overall, the market is facing challenges in balancing supply and demand.