Buyer resistance saps rubber bl-premium-article-image

Our Bureau Updated - September 03, 2018 at 10:19 PM.

KOTTAYAM, KERALA, 26/07/2016: Rising rubber price has brought cheer to farmers with small holdings and they have begun to use rainguards during the monsoon in Kottayam district. Photo: H. Vibhu

Spot rubber turned weak on Monday on buyer resistance. RSS-4 dropped to ₹134 (134.50) a kg, according to traders and the Rubber Board. RSS-4 declined at its September futures to ₹132.41 (134.02) on the National Multi Commodity Exchange (NMCE). RSS-3 (spot) slid to ₹103.98 (104.81) at Bangkok.

Its September futures surrendered to ₹100.13 (102.57) on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (₹/kg): RSS-4: 134 (134.50); RSS-5: 132 (132.50); ISNR 20: 132 (132) and Latex (60% drc): 114 (115).

Published on September 3, 2018 16:04