Financial Daily from THE HINDU group of publications
Friday, Nov 07, 2003

Port Info

Group Sites

Agri-Biz & Commodities - Rubber

Rubber steady on short supply

Our Correspondent

Kottayam , Nov. 6

RUBBER prices were almost steady on Thursday though the undercurrent remained weak following the decline in world markets.

Ungraded rubber declined by 50 paise to Rs 50.50 while all other grades were steady.

RSS 3 fell to Rs 64.98 from Rs 66.05 at the Bangkok world market.

The market sustained due to acute short supply to the main marketing centres sources revealed.

There was no selling spree in the market amidst intensified overnight rains all over the plantations.

The futures market was weak on Thursday

The near month December delivery was quoted at Rs 57.48 (58.15), January delivery at Rs 59.80 (60.37) and February delivery at Rs 61.75 ( 61.97) per kg for RSS 4.

The market opened low but recovered partially towards mid-session on moderate volumes.

The spot market rates per kg were as follows: RSS 4 Rs 55 (Rs 55.50);RSS 5 Rs 52.75 (Rs 52.75);ungraded Rs 50.50 (Rs 51);ISNR 20 Rs 52.75 (Rs 52.50);latex 60 per cent Rs 42(Rs 42).

Article E-Mail :: Comment :: Syndication

Stories in this Section
AP ready to buy paddy at MSP

Naidu hopes Volkswagen will set up shop in Vizag
Now, pears from US!
Rubber steady on short supply
19 burnt alive in Bengal tea estate dispute
Row over ICWAI study on small tea growers
Nickel cathode price may rise further
Kharif oilseed output projected to increase
`Higher soya prices will motivate farmers'

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