Natural rubber prices rise to 3-year high on supply constraints thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
There appears to be no respite in the near term from surging rubber prices in India due to shortage of supplies and delayed imports. Abnormal fall in production in Thailand is adding to the problem. The robust demand for tyres in an election year will put pressure on the sector.
Tyre industry hit by supply chain disruption on Red Sea crisis thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
ATMA said in the last 10 years, Apollo has moved up four places, while JK Tyre has advanced six places. On the other hand, CEAT moved up 13 places, while off-road major BKT jumped 14 places. MRF is ranked 3rd in Asia after Bridgestone and Yokohama in terms of the number of plants, it added.
However, the performance of the heavy commercial tyre segment has not lived up to expectations. Exports too are a worry, with many Western countries facing inflationary trends.