THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Wednesday, September 19, 2001

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Commodities

Commodities
Further rise in gold prices likely to impact offtake
THE continuing uncertainty in the global arena following the terrorists attacks in the US has been driving gold prices to new recent highs but demand for the precious metal in India is likely to ebb, dealers and analysts said.

US attack dampens leather trading
WHILE the leather industry has already been witnessing sluggish trend in the recent weeks and exporters are waiting for fresh orders, the terrorist attack in the US has stunned the world trade including leather, since it is an export-oriented industry.

Rubber
Rubber markets at standstill
The rubber markets at Kochi and Kottayam have almost come to a standstill after the announcement of the minimum support price for rubber as traders were unwilling to buy at this price. There has been no trading in sheet rubber, which accounts for 85 per cent of the country's rubber production. However, nominal trading has been reported in block and latex rubber.


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