Rubber skids on weak offtake

Updated - January 18, 2018 at 09:16 PM.

A scene from a rubber plantation near Kochi in Kerala on Wednesday mornning. According to Rubber Board's, revised estimates the total rubber production during 2009-2010 would be 8,40,000 tonnes. It was earlier estimated that the rubber production during the same period would be 8,67,000 tonnes. The unexpected change in weather, the higher production base of 2008, attempts to retain existing old and uneconomic plantations are some of the reasons for the sluggish production. Photo: K_K_Mustafah 20/01/10

Spot rubber finished flat in the absence of active buyers and sellers on Tuesday. RSS-4 was steady at ₹130 a kg, according to traders. The grade closed unchanged at ₹126.50 and ₹129.50 respectively, according to dealers and the Rubber Board. February futures declined to ₹130.40 (132.98), March to ₹132.64 (135.03) and April to ₹135 (137.16) on the NMCE. RSS-3 (spot) firmed up to ₹110.24 (109.20) a kg at Bangkok. January futures improved to ₹118.26 (117.64) on the TOCOM. Spot rubber rates (₹/kg): RSS-4: 130 (130); RSS-5: 125.50 (125.50); ISNR 20: 114.50 (114.50) and Latex (60% drc): 89.50 (89.50).

Published on January 18, 2018 15:46