Financial Daily from THE HINDU group of publications
Wednesday, Jul 27, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Agri-Biz & Commodities - Rubber


Fresh buying, rains inflate rubber prices

Our Correspondent

Kottayam , July 26

THE domestic rubber market continued to explore new highs on Tuesday. RSS 4 flared up to Rs 70 a kg at Kottayam and Kochi from Rs 69 and Rs 69.50 respectively on fresh buying and short covering.

Widespread rains since Monday evening put further pressure on buyers to quote higher while there were no quantum sellers even at higher levels. Arrivals declined further reflecting the strong sentiments of the producing sector though a mixed trend prevailed in the market as ISNR 20 and latex were steady on low demand.

Meanwhile ungraded rubber bounced back on enquiries from the general rubber goods sector.

The NMCE improved further even amidst almost steady reports from the major overseas futures markets. The August contract was quoted at Rs 69.95 (69.12), September at Rs 66.80 (66.11), October at Rs 63.08 (62.89) and November contract at Rs 62.20 (61.20) per kg for RSS 4.

The transactions were better at 2,509 lots till mid session recording 1,675 lots in August, 714 lots in September, 94 lots in October and 26 lots in November.

At TOCOM, the August futures for RSS 3 closed at 204.2 yen against 204.1 yen a kg. The physical rubber prices per kg were as follows: RSS-4: Rs 70 (69),

RSS-5: Rs 67 (66), ungraded: Rs 62 (61), ISNR 20: Rs 60 (60) and latex 60%: Rs 41 (41).

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


Stories in this Section
Move to provide farm goods prices on terminals


Supplyco to procure paddy every year
Farm initiative
Where are Pakistan's commodities headed?
`Serious cereal deficit unlikely in 2005-06'
Consumers getting rubber cheaper than last year
VAT comes to rescue despite prices ruling at record high

Fresh buying, rains inflate rubber prices
Bengal tea workers' stir ends as unions settle for productivity-linked wages
Demand improves at Coonoor tea auctions
Mixed reaction to tea sector wage pact
Kerala: Water levels increase in major reservoirs
Crop insurance awareness very low among farmer households: NSSO


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