KOTTAYAM, JANUARY 20:
Spot rubber turned weak tracking the declines in the global indices on Friday. The markets fell after Thailand’s decision to sell rubber from the state stockpiles to ease shortages following flash floods that hit the country’s main production region. RSS 4 dropped to ₹149.50 (151.00) per kg according to traders. The grade slid to ₹150.00 (150.50) and ₹147.00 (147.50) per kg respectively according to Rubber Board and dealers.
The trend continued to be mixed and volumes low. The February futures weakened to ₹149.11 (150.43), March to ₹155.05 (156.58), April to ₹161.47 (163.48) and May to ₹164.99 (168.02) per kg on National Multi Commodity Exchange (NMCE). RSS 3 (spot) declined to ₹179.49 (183.18) a kg at Bangkok.
