Financial Daily from THE HINDU group of publications
Wednesday, Mar 16, 2005

Port Info

Group Sites

Agri-Biz & Commodities - Rubber

Rubber rates increase on aggressive buys

Our Correspondent

Kottayam , March 16

rubberSPOT rubber prices firmed up on Tuesday.

Certain tyre companies were buying sheet rubber at Rs 53.50 a kg amidst low arrivals.

But the covering groups seemed to be more aggressive offering better quotes to procure the raw material in the absence of quantum sellers.

All the grades recorded moderate gains while RSS 4 improved to Rs 53.75 from Rs 53.50 a kg at Kottayam and Rs 54 a kg from Rs 53.75 at Kochi.

The futures market was marginally firm as the overseas reports were positive.

The April contract was traded at Rs 56.50 (Rs 56.47), May at Rs 58.50 (Rs 58.43) and June at Rs 59.85 (Rs 59.80) a kg for RSS 4.

The transactions were narrow. Prices were up on limited supply besides the hot and dry weather that reduces tapping of latex.

The April futures for RSS 3 moved up to 137.8 yen from 135.7 yen at TOCOM.

At Bangkok, the same grade closed at Rs 57.34 a kg as on Monday.

Physical rubber prices a kg were: RSS-4 Rs 53.75 (Rs 53.50); RSS-5: Rs 52.75 (Rs 52.25);;ungraded: Rs 52.50 (Rs 52); ISNR 20: Rs 53 (Rs 52.50); and latex 60%: Rs 39.50 (Rs 39)

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

Stories in this Section
NCDEX in pact with Tokyo Grain Exchange

Seed industry seeks infrastructure status
Rubber rates increase on aggressive buys
Tea production down 4 pc in 2004; imports rise over 200 pc
Buying interest likely to keep cotton firm
Export cess hits turmeric trade in Guntur
Pepper prices steady on Vietnam drought
Kerala Govt smells a rat in pepper import from Lanka
Govt hikes soya oil tariff rate to $535/t
Conclave begins on Friday in New Delhi — G-20 partners to evolve strategy on WTO issues
FICCI moots stringent tariff procedures in WTO farm talks

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