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Our Correspondent

Kottayam , Sept. 23

SPOT rubber prices recovered as covering groups and purchase agents turned buyers once again. RSS 4 improved to Rs 50.50 from Rs 50.25 a kg on moderate enquires.

Exporters were also active as the difference between the domestic and international markets stayed around Rs 7 a kg as on Thursday. Market players expect the rates to firm up in the coming days.

The futures improved further on Thursday. The near month October delivery was quoted at Rs 52.50 (Rs 52.12), November delivery at Rs 53.25 (Rs 52.82), December delivery at Rs 53.60 (Rs 53.08) and January delivery at Rs 54.51(Rs 54.03) per kg for RSS 4.

The spot market rates per kg on Thursday were: RSS 4 Rs 50.50 (Rs 50.25); RSS 5 Rs 49.50 (Rs 49.25); ungraded Rs 47.75 (Rs 47.50); ISNR 20 Rs 48.50 (Rs 48.50); and latex 60% Rs 38.50 (Rs 38.50).

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