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Our Correspondent

Kottayam , May 14

RUBBER prices flared up on Friday. Though buyers kept a low profile, the market inched up as arrivals were extremely thin.

Those who were holding the stock appeared unwilling to sell at lower levels since the world market ruled high. In fact, latex was steady on low demand.

According to an analyst, the market does not show any marked improvement in the absence of buying for export. Exporters are awaiting the orders of the Government for continuing the export assistance during the financial year 2004-05.

A decision could be expected only after the formation of the new Government at the Centre.

In the domestic market, RSS 4 improved to Rs 58.00 from Rs 57.50 a kg on Thursday. At Bangkok, RSS 3 closed at Rs 63.14 against Rs 63.16 a kg and the TOCOM June futures for RSS 3 moved up to 153 yen from 151 yen.

The rubber futures ruled almost steady on Friday. The near-month June delivery was quoted at Rs 58.59 (58.31), July delivery at Rs.58.68 (58.55) and August delivery at Rs 58.06 (58.02) per kg for RSS 4.The volumes were low.

The spot market rates per kg on Friday were as follows: RSS 4 58.00 (57.50); RSS 5 56.75 (56.50); ungraded 56.00 (55.50);

ISNR 20 56.25 (56.00) and latex 60 per cent 43.50 (43.50)

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