Rubber Price Witnesses Down Trend

Kottayam: Global and domestic rubber prices remained under pressure on May 28. The trend was followed here both in physical and futures markets. In spot, sheet rubber fell to Rs 90 from Rs 91 a kg at Kottayam and Kochi. On National Multi Commodity Exchange, the June contract declined sharply to Rs 88.50 (91.32), July contract to Rs 89.35 (92.60), August to Rs 88.65 (91.36) and September contract to Rs 86 (89.14) per kg for RSS 4. The June contract for the grade also dipped to Rs 88.50 (90.97) a kg on MCX. Spot prices were (Rs/kg): RSS-4: 90 (91); RSS-5: 89 (90); ungraded: 88 (88.50); ISNR 20: 89 (89) and latex 60 per cent: 63.65 (64.20).