Financial Daily from THE HINDU group of publications
Saturday, Sep 04, 2004
Financial Daily from THE HINDU group of publications Saturday, Sep 04, 2004 |
||
|
|
||
|
Agri-Biz & Commodities
-
Rubber Spot rubber slips on scattered sales Our Correspondent
Kottayam , Sept. 3 THE reduction of export subsidy to 50 per cent of the original rate depressed the market sentiments on Friday. Sheet rubber declined a tad to Rs 54 from Rs 54.25 on Thursday. All the grades except RSS 5 lost on scattered selling from traders in the absence of quantum buyers.Most of the growers were not prepared to sell at the ruling market. The transactions were in a low key. The rubber futures also moved down quoting the September delivery at Rs 54.42 (54.93) a kg on Friday. The October delivery was quoted at Rs 53 (53.50), November delivery at Rs 52.59 (52.90) and December delivery at Rs 52.25 (52.57) per kg for RSS 4. Spot market rates per kg on Friday were as follows: RSS 4 Rs 54.00 (54.25), RSS 5 Rs 51.50 (51.50), ungraded Rs 49.50 (50.00), ISNR 20 Rs 49.50 (50) and latex 60 per cent Rs 38 (39).
More Stories on : Rubber
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|