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Agri-Biz & Commodities - Rubber
Spot rubber rules steady

Aravindan

Kottayam, July 21 Spot rubber rates were almost steady on Saturday. Traders were reluctant to undertake fresh commitments in the absence of global advises. RSS 4, the only loser, weakened by 50 paise to Rs 81.50 from Rs 82 a kg on brisk trading.

Futures gain

The rubber futures managed to finish green in the weekend session. The August contract ended at Rs 81.45 (81.38) a kg on MCX.

The August contract on NMCE downed the shutters at Rs 82.15 (82.05), September at Rs 80.70 (80.21), October at Rs 80.31 (80.10) and November at Rs 80.35 (79.90) per kg for RSS 4.

Spot rates were (Rs/kg): RSS-4: 81.50 (82); RSS-5: 80 (80); ungraded: 78 (78); ISNR 20: 79.50 (79.50) and latex 60 per cent: 58.40 (58.40).

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