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Monday, July 4, 2022

India: Rubber gains on short supply

Spot rubber improved as the market made gains on acute short supplies following the widespread rains all over the plantation areas. Meanwhile, sustained gains in domestic futures kept the sentiments positive during late trading hours. The trend continued to be mixed as ISNR 20 finished flat amidst scattered transactions. RSS 4 closed firm at ₹114 (₹112.50) a kg, according to traders. The grade improved to ₹113 (₹112.50) and ₹110 (₹109.50) respectively according to the Rubber Board and the dealers. October futures improved to ₹115.19 (₹114.50) November to ₹114.94 (₹114.08), December to ₹114.90 (₹114.21) on the National Multi Commodity Exchange. RSS 3 (spot) firmed up to ₹87.60 (₹86.57) at Bangkok. October futures closed at ¥153.4 (₹83.81) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 114 (112.50); RSS-5: 111 (110.50); Ungraded: 104 (101); ISNR 20: 100.50 (100.50) and Latex (60% drc): 84 (83.50).

Arrivals in tonnes;prices in Rs/quintal in domestic market.

Arrivals Price
Current %
change
Season
cumulative
Modal Prev.
Modal
Prev.Yr
%change
Rubber
Ramgarh(Jha) 16.00 6.67 292.00 2800 3000 -12.50
Neeleswaram(Ker) 7.00 14.00 16000
Punalur(Ker) 1.00 NC 45.10 2900 2900 -9.38

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