Rubber mkt witnesses sharp fall

The physical rubber market suffered sharp decline during weekend session. RSS 4 declined to Rs 83.50 and Rs 84 a kg respectively at Kottayam and Kochi from Rs 85 on Friday. The rubber futures improved on April 28. The May contract for RSS 4 completed at Rs 84.40 against Rs 84.02 a kg on MCX. The May contract for the grade declined to Rs 82.71 (82.55), June to Rs 85.61 (84.78), July to Rs 87.65 (87.18) and August contract to Rs 88.35 (87.69) per kg on NMCE. Spot rubber prices were (Rs/kg): RSS-4: 83.50 (85); RSS-5: 82.75 (84.25); Ungraded: 82 (83); ISNR 20: 82.75 (84) and Latex 60 per cent: 62.60 (63.15).