The Indian rubber market is witnessing an interesting tug-of-war between the Kerala smallholders and tire makers, with the majority of the former holding back their sheet rubber inventory while the latter makes guarded purchases. The result is that sheet rubber prices have been hovering closely around INR 190/kg (range of -2 and +3) since the dawn of this year
Highlights
• Smallholders keep inventories as tire makers make guarded purchases
• Wintering over, next season may start by March end
• Indian Government ups Budget allocation for Rubber Board