OUTLOOK-India rubber seen higher on thin supply

Newswire

MUMBAI, May 31 (Reuters) - Natural rubber prices in India are likely to rise this week tracking firm overseas markets and good demand in the local spot market amid a slight fall in arrivals due to monsoon rains, dealers said on Tuesday. "Farmers were trimming supplies as soon as prices go below 220 rupees (per kg). There is good demand from the tyre industry," said George Valy, president of the Indian Rubber Dealers Federation. "Rubber tapping may ease due to monsoon rains, but a large ...

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