Rubber price witnesses up trend

Kottayam: Physical rubber prices increased further on Aug 7. Sheet rubber ended higher at Rs 93 from Rs 91 and Rs 92 a kg, respectively at Kottayam and Kochi as covering groups turned aggressive but the transactions were thin. The August contract was better at Rs 94.70 (93.41) while the September contract weakened to Rs 87.60 (88.11), October Rs 84.45 (85.34) and November to Rs 82.95 (83.88) per kg for RSS 4. The open interest was 6,376 (6,522) lots with 1,999 (2,301) lots in August, 2,664 (2,520) in September, 1,250 (1,256) in October and 463 (445) in November. The August delivery contract increased to Rs 92.82 from Rs 91.22 a kg trading 222 lots on MCX. RSS 3 weakened further at its September futures to 255.3 yen (Rs 86.83) a kg against 257.2 yen a kg at TOCOM. The grade moved down to Rs 88.73 from Rs 89.47 a kg at Bangkok.