KOTTAYAM, JUNE 10:
Physical rubber prices improved on Monday.
The market is reported to be suffering from short supplies following the widespread rain all over the plantation areas.
The overall sentiments were visibly bullish and the prices firmed up on fresh buying and short covering tracking the comparatively higher levels on the NMCE.
Sheet rubber improved to Rs 173.50 (Rs 173) a kg, according to traders.
The grade increased to Rs 173 (Rs 172) both at Kottayam and Kochi, according to the Rubber Board.
FUTURES
June futures inched up to Rs 174.99 (Rs 174.48), July to Rs 170.85 (Rs 170.79), August to Rs 167.51 (Rs 167.42), and September to Rs 164.82 (Rs 164.46). The October contracts dropped to Rs 162.37 (Rs 162.62) on the National Multi Commodity Exchange.
RSS 3 (spot) weakened to Rs 162.30 (Rs 162.98) at Bangkok.
June futures dropped to ¥ 245.5 (Rs 144.04) a kg on the Tokyo Commodity Exchange.
Spot rubber rates (Rs/kg): RSS-4: 173.50 (173); RSS-5: 168 (167); Ungraded: 159.50 (159); ISNR 20: 160 (158) and Latex 60 per cent: 109.50 (109).
Source: Business Line
