Spot Rubber Witnesses Up Trend

Kottayam: The rubber prices increased catalysed by the sharp gains in TOCOM. The international trendsetter increased mainly following the gains in oil, gold and other major commodity futures and its October futures flared up to 252.5 Yen (Rs 89.19) from 245.3 Yen a kg for RSS 3. In the domestic front, Sheet rubber finished better at Rs 89.50 a kg both at Kottayam and Kochi against Rs 88.50 on Sept 19. On NMCE, the last traded price for the October contract was quoted at Rs 88.10 (87.20), November at Rs 85.90 (84.91) , December at Rs 85.60 (84.51) and January at Rs 86.11 (84.62) per kg for RSS 4. Spot prices were (Rs/kg): RSS-4: 89.50 (88.50); RSS-5: 87 (86.50); ungraded: 84 (83); ISNR 20: 86.50 (86) and latex 60 per cent: 60.50 (60).