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Slump in rubber prices likely over: Michelin

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Global demand for tyres seen rising 2-5 per cent in the next five years; tyres account for 70 per cent of natural rubber demand

Bangkok

THE slump in global natural rubber prices is probably over because producers are finding it harder to cover their costs and will cut output, according to Michelin & Cie, Europe's largest tyremaker.

Rates have reached a floor of about US$1.50 a kilogram, Luc Minguet,