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Our Correspondent

Kottayam June 21 The domestic rubber rates suffered further set back on Thursday. News on huge pending stocks and imports by the tyre sector drained the energy out of trading circles even amidst intensified monsoon showers which disrupt tapping and latex production.

In spot, RSS 4 moved down to Rs 78.50 from Rs 80 a kg both at Kottayam and Kochi. Panic selling from traders weighed heavily on the prices and all major grades, including latex, fell lacking genuine buyers even at quoted levels.

Rubber futures

The rubber futures continued to rule weak quoting the near month July contract down at Rs 79.50 against Rs 81.60 a kg on MCX. On NMCE, the July contract concluded the extremely bearish session at Rs 78.50 (Rs 80.57), August at Rs 79.80 (Rs 81.61), September at Rs 79 (Rs 80.75) and October contract at Rs 78.17 (Rs 79.22) per kg for RSS 4.

Spot prices per kg were RSS-4 Rs 78.50 (Rs 80); RSS-5 Rs 77.50 (Rs 79); ungraded Rs 76 (Rs 78); ISNR 20 Rs 77 (Rs 78.50); and latex 60% Rs 58.95 (Rs 60).

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