Rubber Sees Weak Trend

Kottayam: The domestic rubber rates displayed a weak trend shedding Saturday's speculative gains on July 2. On the physical front, sheet rubber fell back to Rs 74 a kg from Rs 75 and Rs 74.50 a kg respectively at Kottayam and Kochi on selling from both traders and growers. In futures, the July contract for RSS 4 declined to Rs 74 (75.97), August contract to Rs 74.90 (76.98), September contract to Rs 74.80 (76.94) and October contract to Rs 74.70 (77.04) per kg on NMCE, while the August contract declined to Rs 75.25 (77.66) a kg on MCX. The August contract for RSS 3 declined to 252.2Yen (Rs 83.65) from 256.2 Yen a kg at TOCOM futures. The grade fell by 138 paise to Rs 86.60 from Rs 87.98 a kg at Bangkok spot. Spot prices were (Rs/kg): RSS-4: 74 (75); RSS-5: 72.75 (73); ungraded: 70 (70.50); ISNR 20: 72.25 (72.50) and latex 60 per cent: 56.85 (56.85).