Rubber price declines

Kottayam: Spot rubber weakened on June 25. RSS 4 declined to Rs 77.75 and Rs 77.50 a kg from Rs 78 and Rs 78.50 a kg respectively at Kottayam and Kochi. On National Multi Commodity Exchange, the last traded price for July fell to Rs 77.90 (78.79), August to Rs 78.81 (79.88), September to Rs 78.10 (79) and October to Rs 78.21 (78.74) per kg for RSS 4. The transactions totalled 1,742 (988) tonnes. On MCX, the July contract settled down at Rs 79 against Rs 79.52 a kg on the previous weekend. RSS 3 (spot) shed 15 paise and closed at Rs 89.63 a kg at Bangkok. Spot rates were (Rs/kg): RSS-4: 77.75 (78); RSS-5: 76.50 (76.75); ungraded: 74.75 (75); ISNR 20: 76 (76.25) and latex 60 per cent: 58.40 (58.95).