Place rubber turned weak on Wednesday. RSS-4 dropped to ₹160 (160.50) per kg, according to traders and the Rubber Board. The grade was quoted lower at ₹156 (156.50) by dealers. The commodity opened continual but shed Tuesday’s gains all through late investing hrs on purchaser resistance.
As per studies, tyre makers, who account for sixty eight per cent of the complete rubber intake in India, have of late, started out using technically specified rubber (TSR) grade ISNR twenty than RSS 4. ISNR20 — the only gainer of the day — improved to ₹149 (148) per kg, even though latex closed unchanged amidst low volumes.
In futures, the pure rubber agreement for February shipping surrendered to ₹162 (163.50) per kg on the Multi Commodity Trade (MCX).
RSS 3 (location) declined to ₹175.81 (177.88) per kg at Bangkok. SMR twenty weakened to ₹129.sixty one (131.03) even though Latex firmed up to ₹116.ninety four (114.82) per kg at Kuala Lumpur.
The most active pure rubber agreement for May possibly shipping was up 140 Yuan (₹1,569.seventeen) from preceding day’s settlement price to shut at sixteen,160 Yuan (₹181,127.97) a tonne in day time investing on Shanghai Futures Trade (ShFE).
Place rubber rates (₹/kg): RSS 4:160 (160.50) RSS 5: 155 (155.50) ISNR20: 149 (148) and Latex (60% drc): 122.50 (122.50).
Coaching training course
The Rubber Board is organising a 5-day training in rubber cultivation at Rubber Coaching Institute, Kottayam from March one-5, 2021. The training course articles consists of modern-day planting supplies, planting tactics, manuring, pest and disease management, tapping and latex processing.
The training cost is ₹2,000 (18% GST + one% flood cess additional) and an additional ₹300 will be billed per day per participant for boarding and lodging, The medium of instruction is Malayalam.
According to a press launch issued by the Board, the training will be performed in rigid adherence to Covid-19 protocol. For additional aspects, get in touch with cell phone 0481-2351313 or WhatsApp 7994650941. E mail: [email protected] in