Agri Business

Spot rubber shows mixed trend

Our Correspondent Kottayam | Updated on December 23, 2011 Published on December 23, 2011

Physical rubber prices showed a mixed mood on Friday. The market appeared to be in a holiday mood with only a couple of days to Christmas and hence most of the participants were reluctant to make any new commitments. The volumes were narrow.

Sheet rubber weakened to Rs 200 (201) a kg according to traders. The grade slipped to Rs 200.50 (201) a kg both at Kottayam and Kochi as quoted by the Rubber Board.

In futures, the January series improved to Rs 204.55 (202.86), February to Rs 206.50 (204.70), March to Rs 209.30 (207.36), April to Rs 213.90 (212.78) and May to Rs 214.50 (213.20) a kg on the National Multi Commodity Exchange (NMCE).

RSS 3 (spot) dropped to Rs 178.92 (179.15) a kg at Bangkok. The Tokyo Commodity Exchange remained closed owing to “The Emperor's Birthday”.

Spot rates were (Rs/kg): RSS-4: 200 (201); RSS-5: 196 (196); ungraded: 190 (190); ISNR 20: 191 (190) and latex 60 per cent: 110 (110)

Published on December 23, 2011
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