Financial Daily from THE HINDU group of publications
Thursday, Jun 20, 2002
Financial Daily from THE HINDU group of publications Thursday, Jun 20, 2002 |
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Agri-Biz & Commodities
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Rubber Rubber prices stay firm Our Correspondent
KOTTAYAM, June 19 THE upward movement in rubber prices, witnessed since the start of the week, came to a standstill as arrivals improved slightly on Wednesday. Though the market has been relatively quiet during the week, there were symptoms of gradual resumption of activities. However, farmers were said to be not under selling pressure and therefore were not in a hurry to sell. Trading picked up slightly as tyre companies started transactions with the weekly fixation rate at Rs 40.50 a kg for sheet rubber RSS-4. Meanwhile, according to the reports available, there was official involvement against the upward trends advising the trading community to release the stocks held by them at the earliest as otherwise imports would be necessitated to arrest the present trends and control the market. Sheet rubber RSS-4 was steady again at Rs 40.50 a kg as on Tuesday. RSS-5 remained unchanged at Rs 37. Ungraded rubber was steady at Rs 36. Block rubber and latex 60 per cent remained flat at Rs 36.50 and Rs 34.50 respectively.
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