Financial Daily from THE HINDU group of publications
Wednesday, Mar 09, 2005

Port Info

Group Sites

Agri-Biz & Commodities - Rubber

Mixed trend in spot rubber

Our Correspondent

Kottayam , March 8

A MIXED trend prevailed in spot rubber on Tuesday. According to sources, the market appeared to be in a holiday mood throughout the session and the transactions were in a low key.

While most of the grades remained unchanged, sheet rubber and ungraded rubber improved on scattered transactions in the absence of quantum sellers. RSS 4 closed better at Rs 54.25 against Rs 54 a kg at Kottayam but was static at Rs 54 a kg at Kochi.

Rubber futures were almost steady quoting the March contract at Rs 54.10 against Rs 54.07 a kg. The April contract was quoted at Rs 56.61 (56.38), May contract at Rs 58.40 (58.21) and June contract at Rs 59.98 (59.80) per kg for RSS 4. The market opened slightly weak but improved towards mid-session with moderate volumes

At TOCOM, the April futures for RSS 3 slipped to 137.3 yen from 137.9 yen a kg on Monday.

The spot rubber prices per kg on Tuesday were as follows: RSS-4: Rs 54.25 (54); RSS-5: Rs 53 (53); ungraded: Rs 52.50 (52); ISNR 20: Rs 53.25 (53.25); and latex 60 per cent: Rs 39.50 (39.50).

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

Stories in this Section
Call to exploit export potential of tuna fish

Chilli glut in Ramanathapuram
Mixed trend in spot rubber
Snag hits Coonoor tea e-auctions
Green signal
Vegoil imports up in Feb
Govt may hike crude soya oil tariff value
Centre assures to look into MSP for chillies
Markets closed

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