Rubber Price Witnesses Steady Trend

Kottayam: Rubber prices firmed up further on Sept 17. In spot, sheet rubber increased to Rs 88.50 a kg from Rs 88 a kg both at Kottayam and Kochi as covering groups turned aggressive amidst intensified rains and lingering supply concerns. Sharp gains in domestic futures extended further support to sentiments though major manufactures were unwilling to enhance their quotes from lower levels. The October contract finished at Rs 87.25 (85.10) November at Rs 84.98 (83.17) and December at Rs 84.42 (83.05). The October contract for RSS 4 was quoted higher at Rs 87.73 (85.04) a kg on MCX. Spot prices were (Rs/kg): RSS-4: 88.50 (88); RSS-5: 86.50 (85.50); ungraded: 83 (82); ISNR 20: 86 (85) and latex 60 per cent: 60 (59.45).