Spot rubber prices unchanged

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Kottayam, Sept. 10

Rubber prices closed unchanged on Wednesday. Market activities were in an extremely dull phase as most of the traders moved into a holiday mood with only a couple of days to Onam. RSS 4 closed flat at Rs 141 a kg amidst thin volumes.

"There is real shortage of rubber in the market," Mr GeorgeWaly, President, All India Rubber Dealers Federation told Business Line. "There various reasons for this. About 50,000 tonnes of rubber now available with the growers in the State are under various stages of processing. Since the rain continues the sheets cannot be sun dried. Once this consignment reaches the market, rubber will be available in plenty and the situation will change."

Futures slip

RSS 3 slipped further at its September contract to ¥326.9 (Rs 137.14) from ¥327.9, October to ¥319.9 (322.7), November to ¥314.7 (318.1), December to ¥307.4 (311.8), January to ¥304 (308.1) and February to ¥301.8 (306.8) a kg at TOCOM. The grade (spot) closed at Rs 133.17 (133.18) a kg at Bangkok.

Spot prices were (Rs/kg): RSS-4: 141 (141); RSS-5: 138 (138); ungraded: 136 (136); ISNR 20: 130 (130) and latex 60 per cent: 81 (81).

Taken from Business Line

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