Published on Tue, Sep 09, 2008 at 08:26 | Source : Business Line
Updated at Tue, Sep 09, 2008 at 08:43
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
Rubber prices seen in ‘comfort zone’
Rubber prices are expected to be in the “comfortable zone” despite projections of moderation in the global economy, while coffee prices are likely to undergo some correction, a Commodities Outlook session was informed on Monday.
Rubber prices are expected to be in the "comfortable zone" despite projections of moderation in the global economy, while coffee prices are likely to undergo some correction, a Commodities Outlook session was informed on Monday.
"Though global economy is expected to moderate, it is not expected to fall into recession. Indian economic growth rate is projected to grow 7.5 per cent, but for a $7.5-trillion economy it is substantial to sustain demand for commodities and raw materials," said Mr Sajen Peter, Chairman of the Rubber Board.
Prices for the ribbed smoked sheet (RSS-4), which touched a record Rs 147 a kg last week, ruled at Rs 141 on Monday.
