Financial Daily from THE HINDU group of publications
Thursday, Apr 29, 2004
Financial Daily from THE HINDU group of publications Thursday, Apr 29, 2004 |
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Agri-Biz & Commodities
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Rubber Rubber steady Our Correspondent
Kottayam , April 28 SPOT rubber prices were steady on Wednesday. According to sources, market is sustaining at the current levels on covering purchases. The rates might surrender further once these purchases from the covering groups are over, in the absence of fresh quantity buying. Sheet rubber RSS 4 remained static at Rs 58.50 a kg. The Tocom May features for RSS 3 closed at 143.6 yen against 143.5 yen on Tuesday. The rubber futures turned weak on Wednesday. The May delivery was quoted at Rs 58.30 (Rs 58.48), June delivery at Rs 59.31 (Rs 59.61), July delivery at Rs 59.23 (Rs 59.38 ) and August delivery at Rs 58.84 (Rs 59.13) per kg for RSS 4. The spot market rates were RSS 4 Rs 58.50 (Rs 58.50), RSS 5 Rs 57.50 (Rs 57.50), ungraded Rs 56.50 (Rs 56.50), ISNR 20 Rs 57 (Rs 57) and latex 60% Rs 43.50 (Rs 43.50).
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