Commodities

Spot rubber gains

Aravindan Kottayam | Updated on February 28, 2011

RUBBER





Rubber prices improved on Monday with sentiments being catalysed by recovery in domestic futuresFresh buying and short covering also lent support.

Sheet rubber improved to Rs 220 (217) a kg according to traders. The grade finished unchanged at Rs 221 (221) a kg both at Kottayam and Kochi as quoted by the Board's official website.

March contracts rebounded to Rs 223.77 (215.17) and April to Rs. 232.93 (223.98) a kg for RSS 4 on the National Multi Commodity Exchange.

Spot rates (Rs/kg) were: RSS-4: 220 (217); RSS-5: 218 (213 ); Ungraded: 215 (211); ISNR 20: 219 (216)

and Latex 60%: 142 (142 )

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Published on February 28, 2011
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