Rubber witnesses down trend

Another fall in international rubber prices dampened the domestic sentiments on june 7. On the physical front, the prices slipped on moderate selling from dealers amidst buyer resistance. Sheet rubber fell to Rs 85 from Rs 85.75 and Rs 85.50 a kg respectively at Kottayam and Kochi. On NMCE, the June contract for RSS 4 declined to Rs 85.40 (86.64), July to Rs 87.89 (88.33), August to Rs 87.97 (88.43) and September to Rs 85.40 (86.16) per kg for RSS 4. The June contract for RSS 4 fell to Rs 85.39 (85.64) a kg on MCX. RSS 3 fell sharply at its July futures to 277.9 Yen (Rs 93.14) from 283.6 Yen a kg at TOCOM. In spot, RSS 3 slipped to Rs 95.64 from Rs 95.72 a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 85 (85.75); RSS-5: 83.25 (84.25); ungraded: 82 (83); ISNR 20: 83 (84) and latex 60 per cent: 60 (61.05).