Natural rubber prices today fell by Rs 3 to hit a nearly three month low of Rs 207 per kg in line with the fall in prices in the global markets. On 25th June, natural rubber prices was at Rs 216 per kg at Kottayam. (Since 1st January 2011, the lowest price was on 14th March at Rs. 185 per kg.)
The rate of RSS3 grade natural rubber in the international market at Bangkok today fell by Rs 1.97 to Rs 207.49 per kg as compared to Rs 212.63 per kg on 24th June.
The future markets both domestic and international also have been down, which have further affected the domestic spot prices. At the National Multi Commodity Exchange (NMCE), rubber future prices for July delivery closed at Rs 206.73 per kg. At Tokyo Commodity Exchange futures prices for July delivery ruling at 358 yen (Rs 199.47).
Read lot more in Rubber4U – 1st July 2011 issue
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