Financial Daily from THE HINDU group of publications
Saturday, Jun 01, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Agri-Biz & Commodities - Rubber


Rubber steady on low supply

Our Correspondent

KOTTAYAM, May 31

THOUGH the rubber prices remained steady on Friday, the uptrend still continued in the market on supply crunch.

Buyers were active to fulfil their covering commitments. But due to shortage of rubber, transactions were rare.

Rubber already contracted at lower rates, when prices ruled at Rs 34 or Rs 35 a kg, could not be supplied to the tyre companies, said the traders.

If the rains recede for a week, the market would get enough supply.

Meanwhile, reliable market sources expressed doubt on the genuineness of the figures regarding stocks in the country. Traders with godown facilities were reluctant to procure and stock rubber afraid of mould growth on sheets during rainy days.

Meanwhile, sheet rubber RSS-4 was steady at Rs 37.50 a kg as on

Thursday. RSS-5 improved to Rs 34.50 from Rs 34 a kg on the previous day. Ungraded rubber also slightly improved to Rs 33 from Rs 32.50. Block rubber ISNR-20 stayed at Rs 33 and latex concentrate at Rs 33.

Send this article to Friends by E-Mail

Stories in this Section
Huge agri-database in the making


Mission from Manila flays endosulfan use in Kerala
Rubber steady on low supply
BIS certification soon for sugar industry
Demand for dusts at Kochi auction
`WTO no threat to food security'
Grains export price cut
Traders halt raw jute supply to Bengal mills
Refiner re-exports RBD palmolein
Fair offtake at ICTA sales
Cabinet clears accession to UPOV Convention


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line