Rubber Price Increases

Kottayam: The domestic rubber rates increased on July 12. Sheet rubber increased to Rs 80 a kg from Rs 77 in the physical front. The rubber futures extended its gains quoting the August contract at Rs 82.45 (79.29) a kg on MCX. On NMCE, the July contract increased to Rs 81.24 (78.25), August contract to Rs 82.34 (79.18), September to Rs 83.47 ( 80.26) and October to Rs 83.68 (80.47) per kg for RSS 4. The August futures for RSS 3 increased to 254.5 Yen ( Rs 84.65) from 251.7 Yen a kg at TOCOM. The grade (spot) gained by 80 paise to Rs 84.47 a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 80 (77); RSS-5: 78 (75); ungraded: 76 (73); ISNR 20: 77.50 (74.50) and latex 60 per cent: 58.40 (57.90).