After gaining nearly 28 percent in the previous year, rubber prices have risen 11 percent in the January-March 2021 period. However, rubber prices witnessed some profit-taking in the last few sessions.
Concerns over slowing economic recovery, a slowdown in demand especially from China and the US have kept rubber prices under check. Rising COVID-19 cases in India, Brazil, and many other countries are weighing on these industrial commodities.
We have seen some decline in the Asian markets and India has also seen a continuous decline in rubber prices for the last 5 sessions.
Meanwhile, global demand recovery will be the key positive for rubber prices going ahead.
