Rubber Witnesses Up Trend

Kottayam: Spot rubber made smart gains on renewed purchasing from covering groups and purchase agents. The physical market experienced acute shortage of the raw material as there was neither any arrival to the village markets nor to the main marketing centres. RSS 4 improved further to Rs 77 from Rs 76 a kg both at Kottayam and Kochi. The futures market stayed in tune with the domestic mood on NMCE. The July contract concluded at Rs 78 (76.29), August contract at Rs 79.20 (78.70), September at Rs 80.28 (79.97) and October contract at Rs 80.33 (80.29) per kg for RSS 4. The last traded price for the August contract was Rs 79.30 (78.65) a kg on MCX.