Rubber Witnesses Down Trend

Kottayam:L Spot rubber declined on July 3. RSS 4 fell to Rs 73 from Rs 74 a kg at Kottayam and Kochi. There was no visible demand for any grade and hence most of the sellers seemed to be panic. The rubber futures resumed the down trend quoting the August contract at Rs 75 (75.42 ) a kg on MCX. The July contract for RSS 4 ended at Rs 73.50 (73.99), August at Rs 74.48 (74.89), September at Rs 74.50 (74.81) and October contract at Rs 74.49 (74.79) per kg on NMCE. The transactions were 2,582 (2,822 ) lots. Spot prices were (Rs/kg): RSS-4: 73 (74); RSS-5: 70.50 (72.75); ungraded: 69 (70); ISNR 20: 70.50 (72.25) and latex 60 per cent: 55.80 (56.85).