Agri Business

Supply concerns lift rubber

| | Updated on: Oct 12, 2015
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Spot rubber strengthened on Monday as the market made further gains on supply concerns as widespread rains continued to disrupt tapping in major plantation areas. RSS 4 was quoted firm at ₹115 (₹114) a kg by traders. The grade improved to ₹114.50 (₹114) and ₹111.50 (₹111) respectively, according to the Rubber Board and the dealers. October futures weakened to ₹115.90 (₹116.70) while the November futures improved to ₹117.25 (₹115.93), December to ₹117.30 (₹115.75) on the National Multi Commodity Exchange. RSS 3 (spot) finished marginally higher at ₹88.39 (₹88.17) at Bangkok. Spot rubber rates (₹/kg): RSS-4: 115(114); RSS-5: 112(111.50); Ungraded: 107 (106); ISNR 20: 103 (102.50) and Latex (60% drc): 86.50 (86.50).

Published on January 22, 2018

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