Agri Business

Rubber prices inch up

Our Correspondent Kottayam | Updated on November 19, 2011 Published on November 18, 2011

rubber

Physical rubber prices finished marginally higher on Friday. The market continued to remain firm on covering purchases at lower levels prior to the weekend session following a better closing on the National Multi Commodity Exchange (NMCE). Sheet rubber improved to Rs 191 (190) a kg both at Kottayam and Kochi, according to traders and the Rubber Board. The trend was partially mixed and volume low.

In futures, the December series improved to Rs 194.84 (191.87), January to Rs 196.69 (193.66), February to Rs 198 (195.23), March to Rs 200.10 (197.09) and April to Rs 203 (201) a kg for RSS on the NMCE.

RSS 3 (spot) closed firm at Rs 174.69 (173.73) a kg at Bangkok. The November futures for the grade remained inactive during the day session but then finished marginally higher at ¥ 254.09 (Rs 170.48) against ¥ 254.08 a kg in the night session on the Tokyo Commodity Exchange.

Spot rubber rates (Rs/kg): RSS-4: 191 (190); RSS-5: 188 (187); Ungraded:182 (182); ISNR 20: 172 (172) and Latex 60 per cent: Rs 113 (113).

Published on November 18, 2011
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