LONDON (Aug. 3, 2011)—The International Rubber Consortium predicts natural rubber prices probably wont' fall below $4.50/kg, an increase on the organization's previous estimate.
The organization previously predicted NR prices might fall below $4, after hovering around $5 the past few weeks.
On Tokyo's Tocom Exchange, prices for the six-month contract moved up by 4 yen on Aug. 3 to $5.05 per kg.