Rubber Price Increases

Kottayam: Spot rubber rates improved on June 6. Sellers withdrew while covering groups turned active above Rs 85 level, which offered a short-term technical support to the market. RSS 4 improved by 25 paise to Rs 85.75 a kg at Kottayam but the grade continued to rule flat at Rs 85.50 a kg at Kochi. The rubber futures completed almost steady quoting the June contract for RSS 4 at Rs 85.79 (85.76) a kg on MCX. The June contract for the grade was quoted at Rs 86.70 (86.76), July at Rs 88.23 (88.44), August at Rs 88.40 (88.44) and September contract at Rs 86.40 (86.28) per kg on NMCE. The July futures for RSS 3 fell to 283.6 Yen (Rs 94.67) from 285.5 Yen a kg at TOCOM. The grade (spot) decline to Rs 95.72 from Rs 96.15 a kg at Bangkok.