Rubber price jump: Tyre firms' margins may be hit
Financial Express Delhi|December 23, 2024
WITH A SHARP escalation in the cost of natural rubber and other raw materials in recent months and the outlook on demand muted, tyre manufacturers may see their margins taking a hit in FY25.
SWARAJ BAGGONKAR

Compared to the start of the financial year, natural rubber of the RSS 5 and RSS 4 varieties, typically used for tyremaking, saw a surge of 26-35% in prices in just 4-5 months this year.

From around ₹1.5 lakh per tonne in January 2024, the price of natural rubber jumped to around ₹2.40 lakh per tonne by September, a rise of 60%, data from the Rubber Board and CRISIL Research showed.

هذه القصة مأخوذة من طبعة December 23, 2024 من Financial Express Delhi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 23, 2024 من Financial Express Delhi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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