Financial Daily from THE HINDU group of publications
Friday, Feb 04, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Agri-Biz & Commodities - Rubber


Rubber firm on covering buys

Our Correspondent

Kottayam , Feb. 3

COVERING at lower levels kept the rubber prices firm on Thursday.

Quantity selling and slightly improved sentiments assisted most of the grades to recover from the initial losses towards mid-session.

RSS 4 gained marginally to Rs 52.25 from Rs 52 at Kottayam and to Rs 52 from Rs 51.75 a kg at Kochi.

The rubber futures turned steady mirroring an unchanged TOCOM and other leading international markets. The February contract was traded at Rs 51.60 (Rs 51.63), March contract at Rs 52.85 (Rs 52.69), April contract at Rs 56 (Rs 56) and May contract at Rs 57.10 (Rs 57.10) per kg for RSS 4. Volumes were low.

At TOCOM, the March futures for RSS 3 was steady at 133 yen a kg. At Bangkok, the same grade closed at Rs 53.79 against Rs 53.39 a kg on Wednesday

The spot rubber rates (per kg) on Thursday were:

RSS-4: Rs 52.25 (Rs 52); RSS-5: Rs 50.75 (Rs 50.50); Ungraded: Rs 50 (Rs 49.50); ISNR 20: Rs 51 (Rs 51); and Latex 60 per cent: Rs 39.50 (Rs 39.50).

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Project for organic market development launched


Banks may be allowed to trade in commodities
More farmers in Kodagu take to growing anthurium
Technical meet on rubber in Pune tomorrow
Rubber firm on covering buys
Spot gold may head lower
Low prices may fuel cotton use
Groundnut oil prices may rule steady
Pepper prices turn cold as sellers press panic button
Vietnam joins global pepper community
Coffee exports down 6 pc on dip in production


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, 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