Spot rubber improves on short supply
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The rubber prices zoomed again ridden by short supply. Covering groups and purchase agents continued to lift the prices sharply as international and domestic futures also ended in the positive zone. The volumes were thin reflecting the insufficient inflow. Sheet rubber RSS 4 moved up to Rs.88 a kg from Rs.85.50 and Rs.86 a kg respectively at Kottayam and Kochi.
FUTURES FIRM
In futures, the August contract firmed up to Rs.88.55 (86.63), September contract to Rs.84.40 (83.37), October to Rs.82.50 (82.05) and November to Rs.82 (82.39) a kg on NMCE. Spot prices were (Rs/kg): RSS-4 :88 (85/50); RSS-5: 86/50(84); un graded 84 (81); ISNR 20: 86.50 (83.50) and latex 60 per cent : 60(59.45)
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Source : Business Line |
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