Rubber Increases On Covering Groups

Kottayam: Spot prices turned better on Sept 24. Sheet rubber increased to Rs 90 from Rs 89 and Rs. 89.50 a kg respectively at Kottayam and Kochi as a leading tyre company came forward to procure the grade up to the quoted level. The October contract increased to Rs 89.15 (88.30), November to Rs 86.40 (86.02), December to Rs 86.45 (86.03) and January to Rs 87 (86.42) a kg for RSS 4. Spot prices were (Rs/kg): RSS-4: 90 (89); RSS-5: 87.50 (87); ungraded: 85 (84); ISNR 20: 86.50 (86) and latex 60 per cent: 61.55 (60.50).