KOTTAYAM, JULY 15:
Domestic rubber prices turned weak on Monday. On the spot, the market remained under pressure as the gap between the local and global rates increased raising import fears.
A drop in the futures on the National Multi Commodity Exchange kept the sentiments under pressure during the day. The most active counters fell on buyer resistance though there was not much selling pressure either from dealers or growers.
Sheet rubber declined to Rs 192 (Rs 195) a kg at Kottayam and Kochi, according to traders and the Rubber Board. The trend was mixed.
July futuresdropped to Rs 189 (Rs 193.04), August to Rs 182.50 (Rs 184.42), September to Rs 173.20 (Rs 175.34), October to Rs 165.35 (Rs 168.41), November to Rs 162.70 (Rs 163.81) and December to Rs 164.00 (Rs 164.75) on the NMCE.
RSS 3 (spot) dropped to Rs 153.26 (Rs 154.72) at Bangkok. The Tokyo Commodity Exchange remained closed on account of Ocean Day.
Spot rubber rates Rs/ kg :RSS-4: 192 (195); RSS-5: 186 (187); Ungraded: 175 (176); ISNR 20: 176 (176) and Latex 60%: 143 (143).
Source: Business Line
