Decline in spot rubber prices

On Monday (08 March 2010), the spot rubber prices declines due to buyer resistance following the decline in domestic rubber futures on NMCE. Sheet rubber declined to Rs 144 from Rs 144.50 per kg amidst scattered transactions.

The March futures for RSS 4 declined to Rs 142.80 (143.50), April to Rs 147.80 (148.38), May to Rs 150.79 (151.49) and June to Rs 154 (154.58) per kg on National Multi Commodity Exchange.

Spot prices (Rs/kg) were: RSS-4: 144 (144.50); RSS-5: 142 (142.50); ungraded: 140 (140.50); ISNR 20: 141 (141) and latex 60%: 93 (93).

(bloombergutv.com)