Rubber Fells On Purchaser Resistance

Kottayam: The rubber prices fell following widespread losses in global indices mainly TOCOM, which lost ground on long liquidation to book, profits at higher levels. The domestic spot market fell on purchaser resistance and sheet rubber RSS 4 weakened to Rs 89.50 from Rs 90 a kg both at Kottayam and Kochi. The October contract on NMCE weakened to Rs 87.60 (88.38), November to Rs 85.18 (85.95), December to Rs 85.27 (85.94) and January contract to Rs 85.76 (86.20) per kg for RSS 4. Spot prices were (Rs/kg): RSS-4: 89.50 (90); RSS-5: 87 (87.50); ungraded: 84.50 (85); ISNR 20: 86 (86.50) and latex 60 per cent: 60.50 (60.50).