OUTLOOK-India rubber seen hitting new record peaks

Newswire

MUMBAI, March 29 (Reuters) - Indian rubber prices are likely to set new record highs this week on firm global markets and a shortfall in production due to a drought-like situation in the biggest growing region, traders and analysts said on Monday. "Summer is very hot this year and it is hampering tapping process," said V. N. Viswamohan Prabhu, a spot trader based in Kochi in southern Kerala state. The state is the biggest producer of the rubber and currently experiencing drought like ...

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