OUTLOOK-India rubber seen up on bargain-buying, supply woes

Newswire

MUMBAI, Jan 31 (Reuters) - Indian rubber prices are likely to edge higher this week after a five-percent decline in the past four sessions as bargain hunting driven by lower supplies and firmness in the world market are seen supporting, dealers said. "The wide difference between local and international prices is prompting farmers to hold their produce. Supply in the spot markets is thin despite higher tapping," George Valy, president of The Indian Rubber Dealers Federation (IRDF), told ...

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