KOTTAYAM, APRIL 15:
Spot rubber declined on Monday. According to sources, there were no buyers on the commodity even during late trading hours but the prices managed to sustain at the prevailing levels on supply concerns.
Sheet rubber weakened to Rs 163 (165) a kg, according to traders. The grade declined to Rs 163.50 (164.50) a kg at Kottayam and Kochi, according to Rubber Board.
April contracts dropped to Rs 158.99 (160.97), May to Rs 158.83 (161.70), June to Rs 157.52 (161.54), July to Rs 157.25 (160.98) and August to Rs 156.30 (160.22) a kg on the National Multi Commodity Exchange.
The April futures for RSS 3 nosedived to ¥248 (Rs 138.49) from ¥265 a kg during the day session but then recovered marginally to ¥248.6 (Rs 138.88) in the night session on Tokyo Commodity Exchange .
Spot rubber rates Rs/kg : RSS-4: 163 (165); RSS-5: 160 (161.50); Ungraded: 155 (157); ISNR 20: 151 (153) and Latex 60 per cent: 108 (109).
SOurce: Business Line
