natural rubber prices

Indian consumers may soon face higher prices as wholesale inflation surges, driven by global conflicts impacting commodity and energy costs. While retail inflation remains soft for now, a widening gap between wholesale and consumer price indices suggests businesses will likely pass on increased production expenses, leading to costlier everyday goods and services in the coming months.

Global oil prices surged to a four-year high amid escalating US-Iran tensions and fears of a Strait of Hormuz closure, impacting gasoline prices and broader economies. Analysts warn of a potential global recession due to supply disruptions, with shortages already affecting various goods. Experts predict further price hikes until the strait reopens.

Over 1,500 beagles, previously confined to a Wisconsin research facility, have been rescued in a massive operation. These dogs are now finding loving homes, experiencing freedom, and discovering simple joys like belly rubs and soft beds. This significant rescue highlights a shift in animal welfare advocacy, bringing hope and new beginnings for these deserving animals.

Global condom giant Karex Bhd is hiking prices by up to 30% due to Iran war-induced supply chain disruptions and soaring raw material costs. Naphtha shortages are crippling production, leading to a worldwide shortage of essential goods, from condoms to plastic packaging, impacting public health initiatives, especially in developing nations.

A cultural shift towards 'stealth wealth' is redefining menswear. Gone are the days of loud, logo-heavy sneakers. Instead, the focus is on understated luxury.

Global natural rubber prices may jump on production shortfall in the first two months of 2012 amidst increased consumption in India and China, according to the Rubber Board.

Continuing its gain for the third straight week, natural rubber prices on Thursday touched all time high of Rs 230 per kg on strong global cues.

The continuing Covid-19 spread in India along with slow progress of vaccination drive can put a cap on the demand growth as well as the recovery in prices of natural rubber (NR), says association of natural rubber producing countries.

Tyre manufacturers are facing profitability issues due to a more than 33% rise in natural rubber prices in the first five months of this fiscal year. CRISIL Market Intelligence & Analytics notes that strong demand and limited supply have pushed domestic prices to Rs 238 per kg, exceeding the decade-long trend, with further price hikes expected beyond fiscal 2025.

According to the All India Tyre Dealers Federation, the domestic tyre industry has increased the tyre prices several times on the plea of increasing natural rubber prices and has also benefited from cheap import of natural rubber.

The All India Tyre Dealers' Federation (AITDF) is pleading with the ministry of road transport to take up the cause of road transporters who have been asking for a reduction in tyre prices due to the fall in raw material, just like the government has taken up the cause of the rubber growers in Kerala.

Dakshina Kannada MP Nalin Kumar Kateel has urged union minister of state for commerce and industry Nirmala Sitharaman to consider banning import of natural rubber and address other issues of rubber growers.