RSS 4 weakened further to ₹116 (117) a kg, according to traders. The grade declined to ₹117 (117.50) and ₹114 (114.50) a kg respectively as quoted by the Rubber Board and dealers. The trend was mixed.
According to observers, most growers were reluctant to resume tapping even during the early days of the peak production season. The gap between the domestic and international markets and the absence of genuine buyers kept sheet rubber under pressure even at lower levels.
December futures improved marginally to ₹115.53 (115.35) and January to ₹115.87 (115.55) while the February futures slipped to ₹115.40 (115.89) on the National Multi Commodity Exchange. RSS 3 (spot) declined to ₹100.17 (102.19) at Bangkok.
November futures weakened to ¥186.5 (₹98.67) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 116 (117); RSS-5: 110.50 (111); Ungraded: 106 (106); ISNR 20: 102.50 (103.50) and Latex 60%: 77.50 (77).
– The Hindu
