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International Determinants on Indian Rubber Prices
India is one of the natural rubber producing countries in the world. Prices of natural rubber depends upon many important factors including import policy, crude oil prices, rubber production, demand, vehicle sales, international rubber production and prices etc., In the era of globalisation, Indian market of natural rubber has been integrated with international markets resulting any changes in the international factors would have simultaneous impact on rubber prices. In the recent past, the price of natural rubber in India has fallen from all time high to lowest within a short period of time. In this regard, this paper focusing on global determinants such as prices of crude oil, USD/INR, rubber prices of Thailand and Malaysia evaluated their influence on Indian rubber prices. This study finds the significant influence of crude oil, USD INR and Rubber prices of Thailand than other factors on India rubber prices.
Keywords
Rubber Prices, Exchange Rates, Crude Oil, Plantation.
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