Weekly decline pulls market back from recent highs
Natural Latex recorded a softer weekly performance, giving back gains achieved during the previous trading sessions. Indian Natural Latex prices settled at Rs 228/kg in the Ahmedabad domestic market on 10 July, down Rs 12/kg from Rs 240/kg a week earlier. The decline follows a brief period of stronger trading that had lifted values toward recent highs before the market eased back. Despite the larger weekly adjustment, most daily movements remained moderate, highlighting an orderly correction.
The latest assessment also places prices below the Rs 245/kg recorded one month ago, although they remain above Rs 212/kg seen three months earlier. Longer-term comparisons continue to show improvement over Rs 112/kg six months ago and Rs 115/kg during the same period last year. During the past three months, the domestic market has traded between Rs 212/kg and Rs 257/kg, with current values positioned within that established range rather than setting a new trend. Indian Natural Latex prices continue to trade above recent lows despite the latest pullback, while Natural Latex prices in India remain supported by the broader recovery visible over recent months. Support stands near Rs 212/kg and resistance is observed around Rs 257/kg.
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