Financial Daily from THE HINDU group of publications
Thursday, Jun 05, 2003

News
Features
Stocks
Port Info
Archives

Group Sites

Agri-Biz & Commodities - Rubber


Rubber quiet on low enquiries

Our Correspondent

KOTTAYAM, June 4

rubberACTIVITIES in the rubber market were mainly confined to trading in ungraded rubber.

Demand for the rubber was moderate, but owing to selling pressure from small growers, price fell slightly. All other grades remained static. Since the South-West monsoon is round the corner, growers are not making any quantum offers. They expect the monsoon to set in by the weekend when production would be disrupted by the torrential rains.

Major buyers did not show interest in the market hoping that imported rubber would arrive soon and the domestic market would fall.

Meanwhile, the international market was buoyant for RSS 3 on Wednesday at Rs 48.93 in Bangkok against Rs 48.82 on Tuesday.

The futures market, on the other hand, made gains obviously on account of the possible monsoon effect. June delivery was quoted at Rs 51.25 per kg, July delivery at Rs 51.64 and August delivery at Rs 51.51 for RSS 4.

The per kg spot market rates were as follows on Wednesday. RSS 4 Rs 49.75 (Rs 49.75), RSS 5 Rs 48.50 (Rs 48.50), ungraded rubber Rs 48 (Rs 48.25), ISNR 20 Rs 48.25 (Rs 48.25) and latex concentrate Rs 38 (Rs 38).

Article E-Mail :: Comment :: Syndication

Stories in this Section
AP: Rs 100 cr to be spent on irrigation


Seed exports seen rising to $200 m by 2005
World Seed Congress on June 7
Kerala: Ban on trawling from June 14
Rubber quiet on low enquiries
Centre in a bind over UP cane payment issue
Global sugar may firm up on lower output
Demand for gold up 4.2 pc in Q1
Focus on raising bivoltine silk output
Cardamom auctions to end for the season


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

Copyright 2003, 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