Rubber Price Increases

Kottayam: Spot rubber prices scaled further highs on Oct 15, ridden by firm international indices and domestic fundamental factors. RSS 4 increased to 94.50 and Rs 95 from Rs 93 and Rs 93.50 a kg respectively at Kottayam and Kochi. The November contract improved to Rs 96.85 (96.09); December to Rs 97.23 (95.92) and January to Rs 98.30 (97.15) per kg for RSS 4. The open interest stood at 3779 (3,675) lots on NMCE with 292 (364) lots in October, 1,826 (1,734) lots in November, 1,045 (1,012) lots in December and 616 (565) lots in January. The October futures for RSS 3 improved to 266.3 (Rs 88.86) Yen from 264.1 Yen a kg at TOCOM. Spot prices were (Rs/kg): RSS-4: 94.50 (93); RSS-5: 92.50 (91); ungraded: 90 (89.50); ISNR 20: 91 (90) and latex 60 per cent: 64.20 (63.15).