Spot rubber finished unchanged on Tuesday. Trading activities were extremely slow as almost all dealers and growers are waiting for the procurement operations to commence.
“We expect some decision at the Cabinet meeting to be held on Wednesday’’ a trader said.
Sheet rubber was quoted steady at ₹145 a kg, both at Kottayam and Kochi by traders and the Rubber Board. The grade closed unchanged at ₹142 according to dealers. Volumes were low.
March futures slipped to ₹145.18 (₹145.57), April to ₹149.70 (₹150.22), May to ₹153.09 (₹153.71) and June to ₹154.25 (₹154.30), while the July futures improved marginally to ₹154.10 (₹153.90) on the National Multi Commodity Exchange. RSS 3 (spot) declined to ₹133 (₹134.27) at Bangkok. March futures closed at ¥215.2 (₹130.28) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg) were: RSS-4: 145 (145); RSS-5: 143 (143); Ungraded: 140 (140); ISNR 20: 143 (143) and Latex 60%: 120 (120).
The Hindu
