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Agri-Biz & Commodities - Rubber


Rubber prices stay firm

Our Correspodent

Kottayam , Aug. 13

RUBBER prices remained almost steady on Wednesday. All the grades except ungraded rubber maintained the previous days quotations. Ungraded rubber improved by 25 paise to trade at Rs 42.75 against Rs 42.50 as on Tuesday.

Arrivals dipped further due to heavy overnight showers. The world market at Bangkok lost 11 paise to close at Rs 47.19 per kg for RSS 3.

The futures market opened in a passive mood after a days break. The September delivery was quoted at Rs 46.10, October delivery at Rs 46.11 and November delivery again at Rs 46.10 per kg for RSS 4 on Wednesday.

The spot market rates per kg on Wednesday are follows.

RSS 4— Rs 46.50 (46.50); RSS 5— Rs 44.25 (44.25); ungraded— Rs 42.75 (42.50); ISNR-20— Rs 44.00 (44.00);

latex 60 per cent Rs 34.50 (34.50)

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