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Wednesday, January 19, 2022

India: Supply woes lift rubber

KOTTAYAM, JUNE 17:

Spot rubber prices improved on Monday. According to market circles, the prices firmed up as the inflow of the raw material hit the bottom line following the widespread rains all over the plantation areas. Sheet rubber increased to Rs 175.50 (175) a kg, according to traders and the Rubber Board. The trend was partially mixed.

The July futures improved to Rs 174.10 (172.18), August to Rs 171.60 (169.39), September to Rs 168.12 (166.21), October to Rs 165 (164.81) and November to Rs 163.42 (160.17) a kg on the National Multi Commodity Exchange.

RSS 3 (spot) closed marginally higher at Rs 162.94 (162.09) a kg at Bangkok. The June futures slid to ¥ 234 (Rs 142.56) on the Tokyo Commodity Exchange.

Spot rates (Rs/kg): RSS-4: 175.50 (175); RSS-5: 170.50 (170); Ungraded: 160.50 (160); ISNR 20: 162 (162) and Latex 60 per cent: 115 (113.50).

Source: Business Line

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