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Aravindan

Kottayam June 13 A recovery in international futures helped the domestic rubber prices to finish in green on Wednesday. According to reports, yen's retreat against dollar kept the Japanese trendsetter TOCOM firm in all its contracts. In spot, sellers stayed back expecting a short-term recovery, while the covering groups turned active at lower levels. Sheet rubber moved up to Rs 82 and Rs 82.50 a kg from Rs 81 and Rs 81.50 a kg respectively at Kottayam and Kochi. The transactions were comparatively better.

Futures gain

The futures market stayed in tune with the trend of the day quoting the near month July contract at Rs 84.90 against Rs 83.90 a kg on MCX.

On NMCE, the June contract improved to Rs 83 (82.13), July to Rs 85.05 (84.22), August to Rs 86.45 (85.26) and September contract to Rs 84.90 (83.78) per kg for RSS 4. RSS 3 firmed up to 269.9 Yen (Rs 90.47) from 267.2 Yen a kg at its July futures on TOCOM. But the grade weakened by 66 paise to Rs 91.57 from Rs 92.23 a kg at Bangkok spot.

Spot prices were (Rs/kg): RSS-4: 82 (81); RSS-5: 80.50 (80); ungraded: 79 (78.75); ISNR 20: 80 (79.50) and latex 60 per cent: 60 (59.70).

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