After gaining nearly 28 percent in the previous year, rubber prices have risen 11 percent in the January-March 2021 period. However, rubber prices witnessed some profit-taking in the last few sessions.

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Concerns over slowing economic recovery, a slowdown in demand especially from China and the US have kept rubber prices under check. Rising COVID-19 cases in India, Brazil, and many other countries are weighing on these industrial commodities.

We have seen some decline in the Asian markets and India has also seen a continuous decline in rubber prices for the last 5 sessions.

Meanwhile, global demand recovery will be the key positive for rubber prices going ahead.

CNBC-TV18’s Manisha Gupta has more details, watch this video for more.

(Edited by : Ankit Gohel)