The Hindu Business Line : Rubber improves on moderate demand

Dealers and growers were not interested in selling even at higher levels. Main marketing centres seemed to be suffering from acute shortage of raw material amidst thin arrivals. Continuous rains and extremely bullish international markets fuelled the domestic mood further.

The grade closed at Rs 70 and Rs 69.50 a kg respectively at Kottayam and Kochi against Rs 68.75 and Rs 68.50 a kg on Saturday.

The rubber futures moved up further except for its December delivery contract, which was quoted weak at Rs 69.50 (Rs 69.92) on the National Multi-Commodity Exchange of India (NMCE). The January contract was traded at Rs 71.40 (Rs 69.91), February at Rs 72.70 (Rs 71.21) and March at Rs 73(Rs 71.58) per kg for RSS 4. The January contract for the same grade improved to Rs 72from Rs 70a kg on Multi-Commodity Exchange of India Ltd.

In the international scene, the January futures for RSS 3 flared up sharply to 217.8 yen from 211.8 yen at TOCOM.

Spot rubber prices per kg were: RSS-4: Rs 70(Rs 68.75); RSS-5: Rs 67.75 (Rs 66.50); ungraded: Rs 66(Rs 64.50); ISNR 20: Rs 67.50 (Rs 66.25) and latex 60 per cent: Rs 49(Rs 47)

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