Rubber witnesses down trend

Kottayam: Physical rubber fell on Aug 24. Sheet rubber retreated to Rs 85 a kg from Rs 86 both at Kottayam and Kochi. The market was almost in a holiday mood with only a couple of days more to Onam and it suffered in all grades including latex on purchasers resistance amidst selling from traders. The rubber futures declined in tandem with the global trend but recovered partially following buying at lower levels on late trading. RSS 4 weakened at its September futures to Rs 84.27 from Rs 84.46 a kg on MCX. The September contract fell to Rs 84.75 (85.03), October to Rs 80.26 (80.36), November to Rs 79.49 (79.65) and December contract to Rs 79.10 (79.40) per kg for RSS 4.