Agri Business

Weak global cues drag rubber

Our Correspondent Kottayam | Updated on January 09, 2018

Spot rubber lost ground in tune with the global declines on Monday. RSS-4 weakened to ₹127 (128) a kg as quoted by the traders. The grade finished lower at ₹127.50 (128) and ₹124. 50 (125) respectively, according to the Rubber Board and the dealers.

In futures, November contracts slid to ₹124.74 (126.06), December to ₹123.96 (125.92) and January to ₹123.80 (127.05)on the NMCE. RSS-3 (spot) dropped to ₹105.59 (106.25) at Bangkok. November futures surrendered to ₹107.44 (111.07) on the TOCOM. Spot rubber rates (₹/kg): RSS-4: 127 (128); RSS-5: 124 (125); ISNR 20: 107 (108) and Latex (60% drc): 81.50 (82).

Published on October 30, 2017

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like