KOTTAYAM, AUG. 14:
Spot rubber continued to extend the losses on Wednesday.
According to sources, the market started reacting favourably to the positive change in weather as rains subsided giving way to the resumption of tapping in most plantations. Still, it may take a few weeks to improve the production and arrivals, they added.
Prices dropped on buyer resistance, amidst low volumes as there had been no quantity sellers in the market.
Sheet rubber declined to Rs 194 (Rs 195) a kg, both at Kottayam and Kochi, according to traders and the Rubber Board.
August futures expired at Rs 193.80 (Rs 191.62) while, the September futures slipped to Rs 184.80 (Rs 184.90), October to Rs 175.51 (Rs 175.85), November to Rs 169.01 (Rs 169.85) and December to Rs 168.65 (Rs 170.05) on the National Multi Commodity Exchange.
RSS 3 (spot) closed firm at Rs 160.25 (Rs 157.26) at Bangkok. August futures closed at ¥ 257.4 (Rs 160.89) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg: RSS-4: 194 (195); RSS-5: 190 (191); Ungraded: 180 (181); ISNR 20: 175.50 (176) and Latex 60 per cent: 164 (164.50).
Source: The Hindu
