Rubber Witnesses Down Trend

Kottayam: Spot rubber fell during the weekend session. The players seemed to expect a weak opening in global rubber on Aug 13. Sheet rubber fell to Rs 91 a kg from Rs 93 a kg. The rubber futures declined further on NMCE. The August contract declined sharply breaking the daily limit of 2 per cent to Rs 92.00 (94.16), while the September contract fell to Rs 85.30 (86.56), October to Rs 81.55 (83.21) and November to Rs 80.50 (81.71) per kg for RSS 4. The September contract weakened to Rs 85.95 a kg from Rs 86.46 on MCX. Spot prices were (Rs/kg): RSS-4: 91 (93); RSS-5: 89 (90); ungraded: 85.50 (87); ISNR 20: 88.75 (89.50) and latex 60 per cent: 60 (61.05).