Agri Business

Mixed trend in rubber market

Our Correspondent Kottayam | Updated on May 26, 2020 Published on May 26, 2020

The authorities have given permission to buy rubber from a total of 50 members between 9 am and 12 noon in a day.   -  The HIndu Chennai

Spot rubber showed mixed trend on Tuesday. RSS-4 continued to rule steady at ₹114 and ₹115 per kg, respectively, according to traders and the Rubber Board. However, ISNR 20 lost further on extremely low demand but latex strengthened further on enquiries from the general rubber goods sector. Overall volumes were low.

In futures, June contracts improved to ₹116.65 (113.36) and July to ₹116.03 (112.80) per kg on the Indian Commodity Exchange (ICEX). The near month July was up by 2.90 per cent with a volume of 85 lots and total trade value of ₹98.17 lakh.

RSS-3 (spot) weakened to ₹106.31 (106.63) per kg at Bangkok. Its June futures firmed up to ₹97.04 (96.56) and July to ₹101.89 (101.45) on the Tokyo Commodity Exchange (TOCOM).

Spot rubber rates (₹/kg): RSS-4: 114 (114); RSS-5: 108 (108); ISNR 20: 105 (106) and Latex (60% drc): 82 (80.50).

Published on May 26, 2020
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