Financial Daily from THE HINDU group of publications
Tuesday, May 04, 2004
Financial Daily from THE HINDU group of publications Tuesday, May 04, 2004 |
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Agri-Biz & Commodities
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Rubber Mixed trend in rubber market Our Correspondent
Kottayam , May 3 THE physical rubber market showed a mixed trend on Monday. Nominal buying from the covering groups and purchase agents anticipating further fall in arrivals due to continuous overnight rains kept the market slightly live. The transactions were meagre. The only gainer of the day was RSS 4, which improved to Rs 57.50 from Rs 57.25 a kg. At Bangkok, RSS 3 lost 6 paise to close at Rs 61.02 against Rs 61.08 on Friday. The rubber futures showed mild improvement except for its May delivery which was quoted at Rs 57.40 (57.58) on Monday. The near month June delivery was quoted at Rs 58.33 (58.13), July delivery at Rs.58.35 (58.16) and August delivery at Rs 57.80 (57.55) per kg for RSS 4.The volumes were thin. The Monday spot market rates per kg were as follows: RSS 4 Rs 57.50 (57.25); RSS 5 Rs 56.50 (56.50); ungraded Rs 55.50 (55.75); ISNR 20 Rs 56.25 (56.25); latex 60 per cent Rs 43 (43).
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