Kottayam: The domestic rubber prices increased sharply above the international prices on July 22. Surprisingly the sharp increase of Rs 3 a day appears to be quite unusual as it shows the abnormal scarcity of the commodity in the market. RSS 4 increased to Rs 137 from Rs 134 a kg catalysed by the aggressive purchasing from major consuming sectors. The tyre sector has been active on sheet rubber up to Rs 136 a kg. Spot prices were (Rs/kg): RSS-4: 137 (134); RSS-5: 134 (132); ungraded: 132 (130); ISNR 20: 133 (131) and latex 60 per cent: 90 (89).
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