Rubber Witnesses Down Trend

Kottayam: Spot rubber fell on Aug 22. RSS 4 finished at Rs 85 a kg against Rs 86 a kg both at Kottayam and Kochi. The rubber futures fell sharply possibly on profit booking at higher levels breaking the initial daily downward limit of 2 per cent in all months on late trading. The September contract for RSS 4 fell to Rs 83.73 a kg from Rs 85.44 a kg on MCX. The September contract surrendered to Rs 84 (85.94), October to Rs 79.86 (82.25), November to Rs 79.43 (81.51) and December contract to Rs 79 (80.91) per kg. Spot prices were (Rs/kg): RSS-4: 85 (86); RSS-5: 82.50 (82.50); ungraded: 80 (80.50); ISNR 20: 82.50 (82.50) and latex 60 per cent: 60.50 (60.50).