Chinese speculators drive natural rubber prices up to 5-year high
Industry officials in India told Reuters that natural rubber output is expected to increase 15 percent during 2017-2018. This is expected to be the highest price in almost 4 years. Also, higher prices make farmers commence using trees abandoned before. Notwithstanding, natural rubber price rally appears to be bad news for tire manufacturers as it cuts down profits. And to stay afloat, the businesses may pass those hits on to customers.