Monday, August 4, 2008

Rubber Price Falls On Global Cues - Aug 04 , 2008

Kottayam: Physical rubber prices declined into a corrective phase on Aug 2. The trading centres saw moderate selling pressure from dealers mainly as the international prices ruled much below the domestic rates. Sheet rubber declined to Rs 138.50 from Rs 141 a kg while the market made all-round declines on purchaser resistance. Spot prices were (Rs/kg): RSS-4: 138.50 (141); RSS-5: 137 (138.50); ungraded: 133 (134); ISNR 20: 136 (137) and latex 60 per cent: 89.00 (89).

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