Rubber falls further

Kottayam: Spot rubber fell further on Aug 16. RSS 4 fell to Rs 83 from Rs 85 and Rs 86 a kg respectively at Kottayam and Kochi on Aug 14. The rubber futures resumed the downward journey on NMCE. The near month September contract weakened to Rs 81.52 (82.31), October to Rs 79.43 (80.01), and November to Rs 78.63 (79.03) a kg, while the December contract finished the debut performance at Rs 78.59 a kg against its opening at Rs 78 a kg for RSS 4. The September contract declined to Rs 82.30 from Rs 82.71 a kg on MCX. Spot prices were (Rs/kg): RSS-4: 83 (85); RSS-5: 78.50 (82); ungraded: 76 (79); ISNR 20: 78.75 (82) and latex 60 per cent: 58.95 (58.95).