Financial Daily from THE HINDU group of publications
Thursday, Jun 20, 2002

Port Info

Group Sites

Agri-Biz & Commodities - Rubber

Rubber prices stay firm

Our Correspondent


THE upward movement in rubber prices, witnessed since the start of the week, came to a standstill as arrivals improved slightly on Wednesday.

Though the market has been relatively quiet during the week, there were symptoms of gradual resumption of activities. However, farmers were said to be not under selling pressure and therefore were not in a hurry to sell. Trading picked up slightly as tyre companies started transactions with the weekly fixation rate at Rs 40.50 a kg for sheet rubber RSS-4. Meanwhile, according to the reports available, there was official involvement against the upward trends advising the trading community to release the stocks held by them at the earliest as otherwise imports would be necessitated to arrest the present trends and control the market.

Sheet rubber RSS-4 was steady again at Rs 40.50 a kg as on Tuesday. RSS-5 remained unchanged at Rs 37. Ungraded rubber was steady at Rs 36. Block rubber and latex 60 per cent remained flat at Rs 36.50 and Rs 34.50 respectively.

Send this article to Friends by E-Mail

Stories in this Section
Bengal signs MoU for veg seeds research

IDFC to focus on growth of farm sector
ATMA calls for urgent meeting on rubber prices
Rubber prices stay firm
Sugar prices dip to 6-year low — ISMA, NFCSF seek to restore monthly quota system
AP cabinet nod for sale of more co-op mills
Programme on milk awareness
Plea to rescind pulses duty
Limited seeds to restrict Bt cotton cultivation
Talks on tobacco crop size inconclusive again
Ecuador banana crisis causes concern

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

Copyright 2002, 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