INDIAN NR MARKET GETS A BREATHER

摘要

Finally there is some good news for India's natural rubber market. The prices are making a turnaround with no clear indications as to whether it will be a prolonged spell. This resurgence in the domestic market is mainly on account of production slump in the two major NR producing countries - Thailand and Indonesia -- due to fungal infection affecting the NR plantations, according to reports. Obviously, this will prompt the Indian tyre makers who are already reeling under poor demand for automobiles to refrain from costly imports and rely on domestic supplies.