Rubber Prices Surge, Farmers Hold On To Stocks

Despite high domestic rubber prices, huge stocks and low exports, farmers are holding on to their stocks. The farmers are holding on to their stocks in anticipation of further increase in prices. With surging domestic demand, the current price of the RSS-4 variety has touched a high of Rs 38.50 per kg.

With low imports, companies are running low on inventories and are willing to buy RSS-4 at almost any price.