KOTTAYAM, NOV. 30:
Spot rubber lost further on Friday. The market fell further in tune with the sharp declines on the National Multi Commodity Exchange. In the global scene, the TOCOM rubber futures rose for a second straight session catalysed by a weak Yen and an optimistic outlook over the global demand following a more than expected US economic growth in the third quarter.
Sheet rubber dropped to Rs 167 (168) a kg, according to traders. The grade declined to Rs 168 (169) a kg at Kottayam and Kochi, according to Rubber Board.
The December series moved down Rs 168.85 (171.24), January to Rs 170.07 (173.48), February to Rs 172.50 (175.60), March to Rs 174.25 (178.82) and April to Rs 178 (183) a kgon the NMCE.
RSS 3 (spot) slipped further to Rs 165.03 (165.37) a kg at Bangkok. The December futures increased to ¥246.6 (Rs 162.35) from ¥243.2 during the day session and then to ¥247.7 (Rs 163.06) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 167 (168); RSS-5: 164 (165); ungraded: 158 (161); ISNR 20: 160 (161) and latex 60 per cent: 108 (109).
Source: Business Line
