Financial Daily from THE HINDU group of publications
Wednesday, Sep 18, 2002
Financial Daily from THE HINDU group of publications Wednesday, Sep 18, 2002 |
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Agri-Biz & Commodities
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Rubber Arrivals flood rubber market Our Correspondent
KOTTAYAM, Sept. 17 THE adverse trends in the market continued as the rubber prices further dropped following reports of more arrivals from the village marketing centres. The demand was not picking up commensurate with the increasing stock. The price fall has mainly affected the sheet and ungraded rubber grades. Buying has not yet firmed up as major segments operating in the market are backing out. While nominal trading took place on Tuesday it fell short of even the functioning level of the market. Most traders held the view that a revival of the prices appeared quite impracticable. Sheet rubber RSS-4 was traded at Rs 37 a kg from Rs 37.25 on Monday while ungraded rubber dipped to Rs 34.50 from Rs 35. RSS-5 and latex 60 per cent ruled steady at Rs 35.50 and Rs 28.50 respectively. Block rubber ISNR-20 also appeared unchanged at Rs 35.50.
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