Rubber price increases

Kottayam: Physical rubber prices increased on July 25. RSS 4 firmed up to Rs 82 from Rs 81.50 a kg at Kottayam. The August contract increased to Rs 82 from Rs 80.93 a kg on MCX. The last traded price for the August contract on NMCE was better at Rs 83 (81.78), September at Rs 80.90 (80.29), October at Rs 80.25 (80.04) and November at Rs 80 (79.63) per kg for RSS 4. The turnover was 2,417 (1,623 ) tonnes. The open interest was 6,654 (6,562) lots with 3,141 (3,180) lots in August, 1,999 (1,952) lots in September, 1,258 (1,189) lots in October and 256 (241) lots in November. RSS 3 fell at its August futures to 249.9 Yen (Rs 83.99 ) from 251.9 Yen a kg at TOCOM. The grade closed weak at Rs 84.39 against Rs 84.64 a kg at Bangkok spot. Spot rates were (Rs/kg): RSS-4: 82 (81.50); RSS-5: 80.50 (80); ungraded: 78 (77.50); ISNR 20: 79.50 (79.50) and latex 60 per cent: 58.40 (58.40).