Rubber Price Declines

Kottayam: Spot rubber decline further on June 2. Sheet rubber declined to Rs 86 from Rs 86.75 a kg both at Kottayam and Kochi. On the contrary, rubber futures displayed an improvement on NMCE. The June contract firmed up to Rs. 87.40 (86.63), July to Rs 88.13 (87.64), August to Rs 87.40 (87.22) and September to Rs 84.99 (84.82) per kg for RSS 4. The volumes amounted 1,225 (1,368) tonnes. Meanwhile the June contract weakened Rs 86.75 (87.43) a kg on MCX. Spot prices were (Rs/kg): RSS-4: 86 (86.75); RSS-5: 84.50 (85.50); ungraded: 83 (84.50); ISNR 20: 84 (85.25) and latex 60 per cent: 61.05 (61.05).