KOTTAYAM, JULY 12:
Spot rubber was mixed on Friday. There were neither sellers nor buyers in the market and hence, trading activities remained almost paralysed though the local prices were ruling high.
According to reports, production of natural rubber in the country fell almost 13 per cent year-on-year in June to 54,000 tonnes.
Meanwhile, monsoon rains were 21 per cent above average in the rubber growing Kerala for the week ending July 10.
Sheet rubber finished unchanged at Rs 195 a kg at Kottayam and Kochi, according to traders and the Rubber Board.
But the remaining counters finished firm though the reports from the domestic and international trend setters have not been impressive.
July futures inched up to Rs 192.90 (Rs 192.62) while the August futures weakened to Rs 185 (187.98), September to Rs 175.50 (Rs 179.13), October to Rs 167.89 (Rs 171.44), November to Rs 163.51 (Rs 166.95) and December to Rs 168 (Rs 169) on the National Multi Commodity Exchange.
RSS 3 (spot) closed marginally higher at Rs 154.72 (Rs 154.10) at Bangkok.
July futures closed at ¥229.1 (Rs 138.02) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg: RSS-4: 195 (195); RSS-5: 187 (185); Ungraded: 176 (175); ISNR 20: 176 (175) and Latex 60%: 143 (142).
Source: Business Line
