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Friday, Aug 09, 2002

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Agri-Biz & Commodities - Rubber


Rubber static on thin buys

Our Correspondent

KOTTAYAM, Aug. 8

THE rubber market continued to remain subdued in the absence of both buying and selling pressures.

The thin purchases of the tyre and non-tyre sectors further narrowed down to keep the market sluggish.

However, the tendency of the international market as noticed at present was to firm up gradually after a fall to touch Rs 39.38 a kg recording an increase of 53 paise on Thursday which again brought the prices to a higher level giving the hope for better returns ahead for growers to their produce.

Sheet rubber RSS-4 slipped to Rs 37.25 a kg from Rs 37.50 on Wednesday while ungraded also fell to Rs 33.25 from Rs 33.50.The prices of other grades remain steady as block rubber ISNR-20, RSS-5 and latex 60 per cent were traded at Rs 34, Rs 33.50 and Rs 30 respectively.

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