Financial Daily from THE HINDU group of publications
Thursday, Jan 15, 2004
Financial Daily from THE HINDU group of publications Thursday, Jan 15, 2004 |
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Agri-Biz & Commodities
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Rubber Rubber market remains static Our Correspondent
Kottayam , Jan. 14 THE rubber market remained static on Wednesday. All the grades were flat except ungraded rubber, which lost 25 paise to close at Rs 48.25 a kg. Sheet rubber RSS 4 closed at Rs 51.50 as on Tuesday. At the international market at Bangkok, RSS 3 was also steady at Rs 56.92 as on the previous day. According to sources, traders are holding excess stock bought at higher levels. They are not in a position to dispose of their stock since the weak market is not absorbing quantity selling orders in absence of major customers. This situation has created an acute cash crunch in the main marketing centres preventing further purchase. The futures market remained closed on Wednesday on account of `Uttrayan' The spot market rates per kg on Wednesday were as follows: RSS 4 Rs 51.50 (Rs 51.50); RSS 5 Rs 50.00 (Rs 50.00); ungraded Rs 48.25 (Rs 48.50); ISNR 20 Rs 50.75 (Rs 50.75); and latex 60 per cent Rs 40.50 (Rs 40.50).
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