Rubber skids on lack of buyers

Our Bureau Updated - November 08, 2018 at 09:26 PM.

KOTTAYAM, KERALA, 26/07/2016: Rising rubber price has brought cheer to farmers with small holdings and they have begun to use rainguards during the monsoon in Kottayam district. Photo: H. Vibhu

Spot rubber finished lower on Thursday. RSS 4 weakened to ₹124.50 (125) a kg, according to traders and the Rubber Board. “'There were no buyers in the local trading houses even at lower levels,” a dealer said. RSS 3 (spot) dropped to ₹99.83 (100.20) at Bangkok. Its November futures declined to ₹88.38 (89.62) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg) were: RSS-4: 124.50 (125); RSS-5: 119.50 (120); ISNR 20: 113 (113)and Latex (60% drc): 83.50 (84.50).

Published on November 8, 2018 15:48