Rain stretches spot rubber gains

Kottayam, Dec 11

Spot rubber market improved on Saturday.

The prices firmed up mainly on covering purchases though the domestic futures were almost steady on the National Multi Commodity Exchange.

According to reports, off-season rains disrupted the tapping in most of the plantations.

Sheet rubber firmed up to Rs 198 (197.50) a kg both at Kottayam and Kochi.

FUTURES MIXED

The trend continued to be mixed in the futures market.

The December series closed at Rs. 198.10 (198.22), January at Rs. 201.67 (201.39), February at Rs. 205.37 (205.32) and March at Rs. 208.61 (208.70) a kg on the NMCE.

Spot rates (Rs/kg) were: RSS-4 : 198 (197.50); RSS-5 : 188 (187.50); ungraded: 184 (183); ISNR 20: 191 (191) and latex 60% : 127 (127).

(Source: http://www.blonnet.com/2010/12/12/stories/2010121250030400.htm)