Kottayam: Domestic rubber prices made yet another sharp decline on Oct 10. The sentiments were extremely bearish and sheet rubber RSS 4 fell to Rs 84 from Rs 90 a kg on the previous trading session. The average price of natural rubber during 2007-08 was Rs 90.70 as against Rs.92.30 during 2006 -2007.
Rubber futures on the Tokyo Commodity Exchange plunged catalysed by heavy long liquidation and fresh selling following declines in oil futures and yen's rise against dollar. RSS 3 (spot) declined to Rs 103.59 (106.69) a kg at Bangkok. Spot rates were (Rs/kg): RSS-4: 84 (90); RSS-5: 80 (88); ungraded: 75 (86); ISNR 20: 79 (85) and latex 60 per cent: 70 (73).
Rubber futures on the Tokyo Commodity Exchange plunged catalysed by heavy long liquidation and fresh selling following declines in oil futures and yen's rise against dollar. RSS 3 (spot) declined to Rs 103.59 (106.69) a kg at Bangkok. Spot rates were (Rs/kg): RSS-4: 84 (90); RSS-5: 80 (88); ungraded: 75 (86); ISNR 20: 79 (85) and latex 60 per cent: 70 (73).
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