KOTTAYAM, NOVEMBER 4:
Spot rubber prices dropped further on Tuesday on buyer resistance, following a drop in global benchmarks. The absence of local guidance kept it under pressure during late trading hours as National Multi Commodity Exchange (NMCE) remained closed owing to Moharum. RSS 4 surrendered to ₹121 (₹122) a kg, according to traders. The grade dropped to ₹120.50 (₹122) and ₹117.50 (₹119) respectively, according to the Rubber Board and dealers. RSS 3 (spot) declined to ₹104.04 (₹105.75) at Bangkok. November futures closed at ¥188.1 (₹101.71) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 121 (122); RSS-5: 115.50 (116); Ungraded: 110 (112); ISNR 20: 109.50 (111) and Latex (60% drc): 78 (79).
– The Hindu
