Rubber prices may rule firm despite slight fall

摘要

Natural rubber prices are likely to rule firm this year, though they may decline to Rs. 57-59 a kg level (for RSS-4) in the next couple of months. "The prices are expected to be volatile this year. Though prices may come down in the near-term, they could touch the Rs. 67-70 a kg band going by the technicals, Mr. Nagaraj Meda, Managing Director, Transgraph Consulting, said. Mr. Meda, a technical analyst, was addressing the World Rubber Congress 2004 at Kochi.