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 Agri-Biz & Commodities - Rubber


Rubber dips in line with global trend

Our Correspondent

Kottayam , July 21

SPOT rubber rates surrendered on Wednesday following weak international markets. The reports about slight improvement in arrivals triggered some selling at the opening session while the buyers kept a low profile.

The futures market continued its bearish trend on Wednesday. The August delivery was quoted at Rs 64.22 (Rs 64.28), September delivery at Rs 59.34 (Rs 59.92), October delivery at Rs 57.20 (Rs 57.70) and November delivery at Rs 56.30 (Rs 56.59) per kg for RSS 4.The spot market rates per kg on Wednesday were as follows: RSS 4 Rs 66.75 (Rs 67.00); RSS 5 Rs 64.50 (Rs 65.00); ungraded Rs 61.50 (Rs 62.00); ISNR 20 Rs 58.00 (Rs 58.50); latex 60% Rs 48.00 (Rs 48.00).

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