Financial Daily from THE HINDU group of publications
Thursday, Mar 25, 2004
Financial Daily from THE HINDU group of publications Thursday, Mar 25, 2004 |
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Agri-Biz & Commodities
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Rubber Mixed trend in spot rubber market Our Correspondent
Kottayam , March 24 THE spot rubber market showed a mixed trend on Wednesday. RSS 4 and ungraded rubber declined a tad while the other grades remained unchanged. The covering groups retreated after a days hectic buying to fulfil their commitments. According to marketmen, the future trend depends much on weather conditions. But rubber is still available in small quantities as dealers and growers who are in need of liquid cash release the stocks held by them. Sheet rubber declined to Rs 55.50 from Rs 55.75 a kg on Tuesday .The TOCOM April features for RSS 3 moved down to 142.1 yen against 145.3 yen and the same grade improved by six paise to Rs 60.02 from Rs 59.96 at Bangkok. Rubber futures were weak on Wednesday. The near month April delivery was quoted at Rs 55.70 (55.88), May delivery at Rs 58.05 (58.21), June delivery at Rs 60.42 (60.68) and July delivery at Rs 60.70 (61.19) per kg for RSS 4.
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