KOTTAYAM, MAY 30:
Spot rubber weakened further on Thursday. The market seemed to be moving in tandem with the global sentiments as TOCOM rubber futures fell more than three per cent to a three-week low following a rise in the yen and drop in equity markets.
Sheet rubber slipped to Rs 169 (Rs 169.50) a kg both at Kottayam and Kochi, according to traders and the Rubber Board.
The trend was mixed.
RSS 4 June contracts improved to Rs 167.10 (Rs 166.07); July to Rs 166.24 (Rs 164.79); August to Rs 164.36 (Rs 163.46) and September to Rs 163 (Rs 162.05) while October moved down to Rs 162 (Rs 162.35) on the National Multi Commodity Exchange.
RSS 3 (spot) weakened to Rs 170.96 (Rs 172.03) at Bangkok.
The June futures closed at ¥249.2 (Rs 138.08) on the Tokyo Commodity Exchange.
Spot rubber rates in Rs/kg were: RSS-4: 169 (169.50); RSS-5: 165 (165); Ungraded: 157 (157); ISNR 20: 157 (158.50) and Latex 60%: 108 (108).
TRAINING PROGRAMME
The Rubber Board organises four-day training in marketing and export management of natural rubber (NR) at the Rubber Training Institute, Kottayam from June 25 to 28. The course content includes NR market, futures trading, opportunities for export, formalities for foreign trade, price factors, export regulations, licensing, exim policies of the Government, market development and export promotion measures. The fee for training is Rs 1,600 (12.36 per cent service tax extra). SC/ST candidates will be given 50 per cent concession in fee. For further details, contact phone 0481-2353325, 2353127.
Source: Hindu Business Line
