Price Movements for an Agricultural Raw Material with Inventory Adjustments-Case of Indian Natural Rubber Market in 1970s

Material with Inventory Adjustments Case of Indian Natural Rubber Market in 1970s Sunil Mani This paper analyses intra-year variations in natural rubber prices during the 1970s, taking production, consumption and the share of manufacturers' stocks to total stocks as explanatory variables. Incorporation of the stock variable is an innovation in the analysis of commodity price movements, specifically those of an agricultural raw material.