Rubber witnesses steady trend

Kottayam: The physical rubber rates were unchanged on Aug 10. Sheet rubber RSS 4 closed at Rs 93 a kg both at Kottayam and Kochi as on Aug 9. The rubber futures weakened reacting closely to the overall weakness in global markets but regained the losses partially towards close on short covering. The September contract declined to Rs 86.75 from Rs 87.22 a kg on MCX. On NMCE, the last traded price for the August contract was quoted at Rs 94.15 (94.39), September at Rs 86.64 (86.95), October at Rs 83.20 (83.75) and November at Rs 81.90 (82.39) per kg for RSS 4. Physical prices were (Rs/kg): RSS-4: 93 (93); RSS-5: 90 (90); ungraded: 87 (87); ISNR 20: 89.50 (89.50) and latex 60 per cent: 61.05 (61.05).