Comments
Spot rubber resumed the uptrend on Monday. The market continued to suffer from an acute shortage of the raw material as widespread rains begin to disrupt tapping once again after a short break. Delayed imports and declining domestic supplies kept major buyers on their toes and the commodity regained strength on fresh buying and short covering. But the volumes were extremely low.
RSS4 downed the shutters at ₹181.00 (180.50) after hitting an intraday high of ₹181.50 a kg as per traders. The grade improved to ₹180.50 (180.00) and ₹175.50 (175.00) per kg respectively according to the Rubber Board and Dealers.
In futures, the front month August delivery was up 0.14 percent from Friday's settlement price to close at ₹182.50 per kg with a volume of two lots on the Multi Commodity Exchange (MCX).
RSS3 (spot) declined to ₹138.21 (139.97) per kg at Bangkok. SMR20 weakened to ₹121.47 (122.19) and Latex to ₹92.97 (93.33) per kg at Kuala Lumpur.
The natural rubber contract for the September delivery was down 0.39 percent from previous day's settlement price to close at 12,900 yuan (₹147.583.00) a tonne with a volume of 10,185 lots in day time trading on Shanghai Futures Exchange (ShFE).
The near month September delivery lost 0.82 percent from last day’s settlement price to close at 193.4 yen (₹130.72) per kg with a volume of 23 lots on the Osaka Exchange, Japan.
Spot rubber rates (Rs/kg) were: RSS4:181.00 (180.50); RSS5: 178.50 (178.00); ISNR20: 168.00 (168.00) and Latex (60% drc): 129.00 (129.00).
Tapping and marking
Rubber growers can contact Rubber Board Call Centre to know about the opening of rubber trees for tapping, weekly tapping etc. Dr R Rajagopal, Senior Scientist, Rubber Research Institute of India will answer the questions on this subject on September 1, 2021 from 10 am to 1 pm. The call centre number is 0481-2576622.
According to a press release issued by the board, information about the services of the board and also technical advice regarding cultivation, production, processing etc. of rubber can be regularly sought from the call centre functioning at its head office. The service is available from 9.30 am to 5.30 pm on all working days.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.