Financial Daily from THE HINDU group of publications
Wednesday, Jul 28, 2004
Financial Daily from THE HINDU group of publications Wednesday, Jul 28, 2004 |
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Agri-Biz & Commodities
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Rubber Rubber unchanged; latex declines Our Correspondent
Kottayam , July 27 AFTER a steep fall witnessed during last week, domestic rubber prices showed a steady trend on Tuesday. According to traders, the market might seek further lows once the arrivals gather pace. Meanwhile, latex 60 per cent remained on the negative side declining sharply in the absence of buyers. The futures market turned better on Tuesday. The near month August delivery was quoted at Rs 61.18 (60.20), September delivery Rs 55.90 (54.40), October delivery Rs 54.15 (52.86) and November delivery at Rs 53.73 (52.77) per kg for RSS 4. The Tuesday spot market rates per kg were as follows: RSS 4 63 (63); RSS 5 62 (62); Ungraded 59 (59); ISNR 20 56.50 (56.50); & Latex 60% 45.50 (47.50).
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