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Monday, August 15, 2022

Rubber futures slip further

KOTTAYAM, FEB. 21:

 The rubber futures declined further on Wednesday. RSS 4 weakened at its March series to Rs 153.25 (156.43), April to Rs 156.73 (159.94), May to Rs 160 (163.31) and June to Rs 162.66 (165.14) a kg while the July series remained inactive on the National Multi Commodity Exchange (NMCE).

RSS 3 (spot) declined to Rs 166.58 (172.52) a kg at Bangkok. The February futures weakened to ¥281 (Rs 164.36) from ¥288 a kg during the day session and then to ¥277.5 (Rs 162.38) in the night session on Tokyo Commodity Exchange (TOCOM).

The spot rubber prices were not available owing to the forty eight hour all India general strike declared by the trade unions.

Source: Business Line

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