Rubber future recovers marginally – The Hindu BusinessLine

The domestic rubber futures recovered marginally on Friday. In accordance to observers, the market place

The domestic rubber futures recovered marginally on Friday. In accordance to observers, the market place regained strength on masking buys at reduced concentrations expecting a small phrase restoration in rates throughout the week ahead.

RSS 4 improved at its May contracts to ₹109.87 (108.seventy three) and June to ₹110.36 (108.52) for each kg on the Indian Commodity Exchange (ICEX). The close to month May contracts have been up by one.05 for each cent with a quantity of 293 heaps and overall trade value of 322.03 lakhs.

The April futures for RSS 3 concluded at ₹101.sixty five (100.55), May at ₹101.23 (101.sixty nine) and June at ₹103.06 (103.04) for each kg on the Tokyo Commodity Exchange (TOCOM). RSS 3 (spot) firmed up to ₹104.forty six (104.32) for each kg at Bangkok.

The spot rubber rates have been not accessible from 24 March following the country-vast lockdown to reduce the further spread of Covid-19.