Business Daily from THE HINDU group of publications
Friday, Aug 25, 2006

Cross Currency

Group Sites

Agri-Biz & Commodities - Rubber
Quiet trend in spot rubber


Kottayam , Aug. 24

Buyer resistance kept spot rubber subdued on Thursday. The prices declined as buyers rewrote the quotations to lower levels as weather turned more favourable for production. An increase in arrivals is also expected during the Onam week, dealers said.

RSS 4 weakened to Rs 91 and Rs 91.50 a kg, respectively at Kottayam and Kochi from Rs 92 a kg on Wednesday. Most of the grades still lost amidst weak supply but certain major manufactures were active in the market procuring the raw material at lower levels.

Futures better

The rubber futures showed a better mood as trend setting Japanese markets finished in the positive zone. The September contract was traded at Rs 90.70 (Rs 90.28), October Rs 87.55 (Rs 87.08), November Rs 87.22 (Rs 87.63) and December at Rs 87.25 (Rs 86.54) per kg for RSS 4 on NMCE.

The volumes till noon stood weak at 292 tonnes with 212 tonnes in August, 38 tonnes in September, 6 tonnes in October and 36 tonnes in December.

RSS 3closed unchanged at Rs 99.82 a kg at Bangkok spot. The September futures for the grade improved to 246 yen (Rs 98.17) from 242.9 yen a kg at TOCOM.

Spot rubber rates per kg were: RSS-4: Rs 91 (Rs 92); RSS-5: Rs 88.50 (Rs 89); Ungraded: Rs 85.50 (Rs 86); ISNR 20: Rs 89 (Rs 89.50); and Latex 60 per cent: Rs 72.61 (Rs 72.61).

More Stories on : Rubber

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

Stories in this Section
Commodities camp in Mumbai

Paddy MSP raised by Rs 40/qtl
Wheat woes
`Low' could hit monsoon withdrawal schedule
Quiet trend in spot rubber
Balrampur Chini's offer to Indo Gulf shareholders
TN cane farmers seek timely settlement of payments
Tea shipment to Poland rejected
Price rise
Ministry assures help to Coir Board
Rs 40-cr project to make power from poultry litter
Pepper futures market moves up
Cardamom prices shoot up on good buying support
New spot exchanges on anvil
A tale of two cereals
Southern flour mills strike deal to buy Australian wheat

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 2006, 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