Spot rubber rules steady

Our Bureau Updated - October 09, 2019 at 06:28 PM.

Kochi, Kerala, 14/01/15. Natural rubber price hit a low of Rs. 97.50 per kg for the RSS4 variety this week. Rubber growhers have claimed that production cost is Rs. 160 per kg and most of them are not tapping rubber trees as it is not remunerative. A scene from a rubber-growing area near Ernakulam. Photo:H.Vibhu.

Spot rubber was steady on Wednesday. RSS 4 continued to rule unchanged at ₹120 a kg according to traders and the Rubber Board. The trend was partially mixed as latex closed weak on dull demand. RSS 4 declined at its October futures to ₹121.12 (₹122.11) per kg on the Indian Commodity Exchange (ICEX). RSS 3 (spot) improved to ₹101.37 (₹100.53) per kg at Bangkok. October futures weakened to ₹99.11 (₹99.32) per kg on the Tokyo Commodity Exchange (TOCOM). Spot rubber rates (₹/kg): RSS-4: ₹120 (₹120); RSS-5: ₹118 (₹118); ISNR 20: ₹104 (₹104) and Latex (60% drc): ₹105.75 (₹106.75).

Published on October 9, 2019 12:58