Rubber witnesses weak trend

Kottayam: The domestic rubber prices suffered further set back on June 21. In spot, RSS 4 declined to Rs 78.50 from Rs 80 a kg both at Kottayam and Kochi. The rubber futures remained to rule weak quoting the near month July contract down at Rs 79.50 against Rs 81.60 a kg on MCX. On NMCE, the July contract concluded the extremely bearish session at Rs 78.50 (Rs 80.57), August at Rs 79.80 (Rs 81.61), September at Rs 79 (Rs 80.75) and October contract at Rs 78.17 (Rs 79.22) per kg for RSS 4. Spot prices per kg were RSS-4 Rs 78.50 (Rs 80); RSS-5 Rs 77.50 (Rs 79); ungraded Rs 76 (Rs 78); ISNR 20 Rs 77 (Rs 78.50); and latex 60% Rs 58.95 (Rs 60).