On Tuesday (31 August 2010), the domestic rubber prices declined further following the declines in the domestic and international rubber futures. Sheet rubber declined to Rs 165 from Rs 167 per kg on buyer resistance.
The September futures for RSS 4 declined to Rs 166.29 (168.17), October to Rs 163.16 (164.17), November to Rs 162.50 (163.56) and December to Rs 163.36 (164.31) per kg on the National Multi Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 165 (167); RSS-5: 161 (162.50); ungraded: 155 (156); ISNR 20: 149 (150) and latex 60 per cent: 113 (113).
(indiainfoline.com)
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