Rubber Improves On World Trend

Kottayam: Rubber prices increased on Sept 5. In spot, RSS 4 was steady at Rs 88.50 against Rs 88 a kg at Kottayam and Kochi mostly on covering purchases. Volumes remained weak, as the inflow to the main marketing centres has been poor. The rubber futures recovered partially from the previous day's losses on NMCE. The September contract increased to Rs 88.75 (87.29), October to Rs 83.90 (82.88), November to Rs 81.90 (80.89) and December to Rs 81.48 (80.43) per kg for RSS 4. RSS 3 increased at its October futures to 251.2 Yen (Rs 88.76) a kg from 249.5 Yen a kg at TOCOM. The grade (spot) increased to Rs 88.03 (87.74) a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 88.50 (88); RSS-5: 86.50 (86.50); ungraded: 83 (82.50); ISNR 20: 85.50 (85) and latex 60 per cent: 62.60 (62.60).