Financial Daily from THE HINDU group of publications
Friday, Nov 07, 2003
Financial Daily from THE HINDU group of publications Friday, Nov 07, 2003 |
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Agri-Biz & Commodities
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Rubber Rubber steady on short supply Our Correspondent
Kottayam , Nov. 6 RUBBER prices were almost steady on Thursday though the undercurrent remained weak following the decline in world markets. Ungraded rubber declined by 50 paise to Rs 50.50 while all other grades were steady. RSS 3 fell to Rs 64.98 from Rs 66.05 at the Bangkok world market. The market sustained due to acute short supply to the main marketing centres sources revealed. There was no selling spree in the market amidst intensified overnight rains all over the plantations. The futures market was weak on Thursday The near month December delivery was quoted at Rs 57.48 (58.15), January delivery at Rs 59.80 (60.37) and February delivery at Rs 61.75 ( 61.97) per kg for RSS 4. The market opened low but recovered partially towards mid-session on moderate volumes. The spot market rates per kg were as follows: RSS 4 Rs 55 (Rs 55.50);RSS 5 Rs 52.75 (Rs 52.75);ungraded Rs 50.50 (Rs 51);ISNR 20 Rs 52.75 (Rs 52.50);latex 60 per cent Rs 42(Rs 42).
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