The Hindu Business Line : Rains soften rubber prices

RUBBER rates softened following sustained showers around the State. It is reported that most of the plantations have resumed tapping following a favourable swing in weather. Buyers were not interested as selling from traders put pressure on all grades to surrender. Rubber futures continued their downtrend with April contract being quoted at Rs 57.43 (57.87), May Rs 59.50 (59.80), June Rs 61.46 (61.74) and July at Rs 62.52 (62.91) a kg for RSS 4.

Spot rubber rates a kg were: RSS-4: 57.25 (58); RSS-5: 56.25 (57); ungraded: 55.50 (56); ISNR 20: 55.75 (56.75); & latex 60%: 40 (40.50).

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