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Agri-Biz & Commodities - Rubber
Spot rubber rules steady

Our Correspondent

Kottayam, March 29 Spot rubber rates were steady in the weekend session. RSS 4 closed at Rs 103 and Rs 103.50 a kg respectively at Kottayam and Kochi as on Friday. According to observers, the market is expected to be more dynamic only by the beginning of the next financial year. The volumes were extremely dull.

Futures down

The domestic rubber futures finished in red on NMCE. The April futures slipped marginally to Rs 103.21 (103.54), May to Rs.105.11 (105.61), June to Rs 106.60 (106.67) and July futures to Rs 106.60 (106.75) per kg for RSS 4. The volumes totalled 318 (731) lots trading 49 (146) lots in April and 179 (367) lots in May.

Spot prices (Rs per kg) were: RSS-4 : 103 (103); RSS-5 : 100.50 (100.50); ungraded : 98.50 ( 98.50); ISNR 20 : 99.50 ( 99.50) and latex 60% : 70 ( 70).

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