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Agri-Biz & Commodities - Rubber


Rubber prices firm on spurt in global markets

Our Correspondent

Kottayam , June 22

THE spot rubber was almost steady on Tuesday. Though the covering group and purchase agents kept a low profile, the spurt in world markets helped the prices to remain firm. The only exception was ungraded rubber, which lost in the absence of enquiries from the north Indian sector.

The rubber futures continued to rule weak with improved volumes. The near month July delivery was quoted at Rs 64.60 (Rs 64.67); August delivery at Rs 60.54 (Rs 61.12); September delivery at Rs 58.70 (Rs 59.06); and October delivery at Rs 58.00 (Rs 58.10) per kg for RSS 4.

The TOCOM July futures for RSS 3 closed at 160.4 yen, against 159.2 yen a kg and at Bangkok the same grade improved to Rs 63.39 from Rs 62.49 a kg on Monday.

The Tuesday spot market rates per kg were as follows: RSS 4 Rs 66.50 (Rs 66.50); RSS 5 Rs 62.50 (Rs 62.50); Ungraded Rs 60.50 (Rs 61.50); ISNR 20 Rs 58.00 (Rs 58.00); and Latex 60% Rs 48.00 (Rs 48.00).

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