The rubber prices declined on Wednesday. The absence of buyers and the sharp declines in the domestic and international trendsetters kept the commodity under pressure during late trading hours.
Sheet rubber dropped to ₹130.50 (₹132) a kg, according to traders. The grade dropped to ₹131 (₹132.50) and ₹128 (₹129.50) respectively, according to the Rubber Board and dealers.
August futures declined to ₹128.25 (₹130.08), September to ₹128.99 (₹129.92) on the National Multi Commodity Exchange. RSS 3 (spot) fell sharply to ₹114.41 (₹119.58) at Bangkok. August futures closed at ¥186.0 (₹111.12) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 130.50 (132); RSS-5: 126 (128); Ungraded: 120 (122); ISNR 20: 111.50 (112.50) and Latex 60%: 101 (103).
– The Hindu
