International Determinants on Indian Rubber Prices

##plugins.themes.academic_pro.article.main##

A. N. Vijayakumar

Abstract

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.

##plugins.themes.academic_pro.article.details##

How to Cite
Vijayakumar, A. N. (2019). International Determinants on Indian Rubber Prices. SJCC Management Research Review, 1–13. https://doi.org/10.35737/sjccmrr/V9/i1/2019/145542

References

  1. Burger K, Smit H and Vogelvang B (2002) Exchange Rates and Natural Rubber Prices, the Effect of the Asian Crisis. Xth EAAE Congress. Exploring Diversity in the European Agri-Food System, Zaragoza (Spain), 28-31.
  2. Chawananon C (2014) Factors affecting the Thai Natural rubber market Equilibrium: demand and supply response analysis using two stage least squares approach. California Polytechnic State University.
  3. Khin A.A, Mohamed Z and Hameed A.A.A (2013) The Impact of the Changes of the World Crude Oil Prices on the Natural Rubber Industry in Malaysia. World Applied Science Journal, 28(7), 993-1000.
  4. Khin A.A, Chau H.W, Yean L.U., Keong C.O and Leh Bin L.R (2017) Examining between Exchange Rate Volatility and Natural Rubber Prices: Engle-Granger Causality Test. International Journal of Economics and Financial Issues, 7(6), 33-40.
  5. Lekshmi. S, Mohanakumar S, and George K.T. (1996) The trend and pattern of natural rubber price in India: An exploratory analysis. Indian Journal of Natural Rubber Research, 9(2), 82-92.
  6. MdLudin N.H, Applanaidu S.D and Abdullah (2016) An Econometric Analysis of Natural Rubber Market In Malaysia. International Journal of Environmental & Agriculture Research (IJOEAR), 2 (6), 25-33.
  7. Murshidi M.H and Aralas S (2017), The impact of price shocks of crude oil, palm oil and natural rubber towards the Gross Domestic Product of Malaysia. Proceedings of International Conference on Economics 2017 (ICE 2017).
  8. Purcell D.T (1993) The factors affecting the long run supply of Rubber from Sarawak, East Malaysia- An Historical and Econometric Analysis, Department of Agriculture.
  9. Raju. K.V (2016) Instability in Natural Rubber Prices in India: An Empirical Analysis. IOSR Journal of Economics and Finance (IOSR-JEF), 7 (3), 24-28.
  10. Sadali H.N (2013). Determinant of Volatility Natural Rubber Price. SSRN Electronic Journal. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2276767.
  11. Selvia V.J.Y (2012) A study on the impact of LPG on Natural Rubber and rubberbased industries in Kanyakumari district. ManonmaniamSundaranar University.
  12. Index Mundi, https://www.indexmundi.com/
  13. Rubber Board, India. http://www.rubberboard.org.in/public
  14. Reserve Bank of India, https://rbi.org.in/