Agri Business

Short covering lifts rubber

Our Correspondent Kottayam | Updated on January 20, 2018 Published on May 17, 2016

Spot rubber recovered on covering purchases at lower levels tracking the sharp recovery in domestic futures. RSS 4 improved to ₹130 from ₹127 and ₹129 a kg respectively, according to traders and the Rubber Board. June futures flared up to ₹131.90 (126.83), July to ₹132.91 (127.85) and August to ₹132.28 (₹127.20) on the National Multi Commodity Exchange. RSS 3 (spot) weakened to ₹116.64 (₹118) at Bangkok. May futures closed at ¥164.8 (₹100.54) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 130 (127); RSS-5: 127 (124); Ungraded: 110 (106); ISNR 20: 117 (117) and Latex (60% drc): 101 (100).

Published on May 17, 2016
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