Financial Daily from THE HINDU group of publications
Tuesday, Apr 13, 2004

Cross Currency

Group Sites

Agri-Biz & Commodities - Rubber

Rubber rates recover on demand

Our Correspondent

Kottayam , April 12

RUBBER rates recovered on Monday after witnessing loss on Saturday.

Even though moderate rainfalls were reported from plantation areas there was no considerable improvement in production due to high temperature ruling during daytime.

According to sources, market might become more active only after Vishu, which falls on Thursday. Meanwhile, latex closed at Rs 43 due to lack of its availability.

RSS 4 closed at Rs 57 a kg against Saturday's Rs 56.75. RSS 3 at Bangkok was steady at Rs 58.83 and TOCOM May features for the same grade was better at 149.5 yen against Friday's 148.6 yen.

The rubber futures also showed slight improvements on Monday.

The April delivery was quoted at Rs 55.40 (Rs 55.33); May delivery at Rs 58.49 (Rs 58.30); June delivery at Rs 60.40 (Rs 60.29) and July delivery at Rs 61 (Rs 60.85) per kg for RSS 4.

Monday spot market rates per kg were as follows: RSS 4 Rs 57 (Rs 56.75); RSS 5 Rs 56 (Rs 55.75), ungraded Rs 55 (Rs 54.75) ISNR 20 Rs 56.25 (Rs 56) and latex 60 per cent Rs 43 (Rs 42.50).

More Stories on : Rubber

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

Stories in this Section
Steel City Commodities opens MCX trading floor

SBT tractor loan scheme
Isolated rains forecast in Kerala
Bamboo — the ordinary plant with extraordinary uses
Vegetable exporters in Kerala to boycott foreign airlines
Rubber rates recover on demand
Sugar mills woo farmers to grow more cane — Offer free urea, subsidy on insecticides
Sugar prices up as demand rises
`Bengal not complying with SC order on plantation workers'
Paras group launches `bactofuged' milk
Flower power
Chicken, egg prices increase on production fall, dipping stocks
No concrete proposals yet in WTO farm talks
Training for farmers in Kollam dist.
Rubber cooperatives facing financial crunch

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

Copyright 2004, 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