Informist, Friday, Jan 14, 2022
By Rahul Dhuri
MUMBAI – Prices of natural rubber fell in key markets of Kerala today as demand from bulk buyers and tyre makers remained sluggish. A fall in prices of the commodity in the global market also weighed, traders said.
* In the global market, futures contracts of natural rubber on the Tokyo Commodity Exchange edged lower in Asian trade as the yen strengthened against the US dollar. A firm Japanese currency makes the yen-denominated commodity expensive for buyers holding other currencies.
* Profit booking by investors after gains in the last couple of days and weakness in the benchmark rubber contract on the Shanghai Futures Exchange also weighed, analysts said.
* Following are the highlights of today’s trade:
–In the key markets of Kerala, the widely traded RSS-4 variety was sold at 158-159 rupees per kg, down 1 rupee from the previous close.
–The most active June contract on TOCOM ended at 244.5 yen (159.44 rupees), down 2 yen from the previous close.
Edited by Deepshikha Bhardwaj
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