Covid-19 shutdown saps domestic rubber

Location rubber price ranges were being not accessible as sellers downed the shutters pursuing the

Location rubber price ranges were being not accessible as sellers downed the shutters pursuing the lockdown to avoid the further more distribute of the coronavirus.

As for each studies, with virtually all business enterprise residences closed, the financial fall-out from the coronavirus pandemic will be felt considerably further than the instant effect of the virus.

In domestic futures, the April contracts weakened to ₹115.sixty nine (117.39) and May well to ₹116.59 (118.40) a kg on the Indian Commodity Exchange (ICEX). The April contracts were being down by one.forty five for each cent with a quantity of 278 plenty and full trade value of 321.47 lakhs.

RSS-3 (location) firmed up to ₹106.13 (104.63) a kg at Bangkok. In futures, the March contracts bounced back again to ₹98.71 (93.ninety six) April to ₹99.67 (97.61) and May well to ₹99.94 (97.89) on the Tokyo Commodity Exchange .