Rubber Rates Increase On Global Trend - July 3, 2008

Kottayam: The rubber rates made sharp gains on July 2. The market reacted in tandem with the global mood and RSS 4 increased to Rs 133 a kg from Rs 131.50 a kg as covering groups and purchase agents remained active in the session. Certain major manufacturers were purchasers on sheet rubber up to Rs 132 a kg, while strong export presence was also felt in almost all counters. The grade ended at Rs 142.04 (141.19) a kg at Bangkok spot. Spot prices were (Rs/kg): RSS-4: 133 (131.50); RSS-5: 132 (130); ungraded: 128.50 (127.50); ISNR 20: 132 (130) and latex 60 per cent: 89 (89).