Rubber price declines

Physical rubber prices fell on June 1. Sheet rubber RSS 4 declined to Rs 86.75 from Rs 87.50 and Rs 87.25 a kg respectively at Kottayam and Kochi. The rubber futures weakened further on NMCE. The June contract was quoted at Rs 86.74 (87.74), July at Rs 87.74 (88.56), August at Rs 87.30 (87.97) and September at Rs 84.90 (85.40) per kg for RSS 4. The July contract finished at Rs 88.55 (88.32) a kg on MCX. Spot prices were (Rs/kg): RSS-4: 86.75 (87.50); RSS-5: 85.50 (86.50); ungraded: 84.50 (85.50); ISNR 20: 85.25 (86.25) and latex 60 per cent: 61.05 (62.10).