KOTTAYAM, FEBRUARY 14:
Domestic rubber prices firmed up further on Friday. On the spot, prices gathered momentum in the absence of sellers as most traders were unwilling to sell below Rs 171 a kg for RSS 4.
According to market circles, the procurement process has not yet been started but the market seemed to be moving higher on the speculation that the Government will take immediate action to implement the decision.
Sheet rubber improved to Rs 150 (Rs 148), according to traders. The grade finished firm at Rs 149 (Rs 147) and Rs 146 (Rs 144) respectively, according to the Rubber Board and dealers.
February futures increased to Rs 149.51 (Rs 147.63), March to Rs 152.95 (Rs 150.91), April to Rs 157.21 (Rs 155.60), May to Rs 159.99 (Rs 158.20) and June to Rs 161.90 (Rs 160.30) on the National Multi Commodity Exchange. February futures closed at ¥220.0 (Rs 134.11) on the Tokyo Commodity Exchange. The spot rubber rates (Rs /kg) were: RSS-4: 150(148) RSS-5: 148 (145.50) Ungraded: 146 (144) ISNR 20: 146 (145) and Latex 60%: 120.50 (119.50).
The Hindu
