Financial Daily from THE HINDU group of publications
Saturday, Jul 31, 2004
Financial Daily from THE HINDU group of publications Saturday, Jul 31, 2004 |
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Agri-Biz & Commodities
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Rubber Rubber rates under pressure Our Correspondent
Kottayam , July 30 PHYSICAL rubber prices remained under tremendous pressure as all the grades fell sharply on Friday. Sheet rubber was quoted at Rs 59 against Rs 62 a kg amid low arrivals. Sellers panicked as it was difficult even to find out a buyer for low quantum. Market sources indicated that the covering groups played a decisive role to initiate the ongoing fall in the absence of major manufacturers. The rubber futures showed a mixed trend on Friday. The August delivery was quoted at Rs 57.51 (58.72), September delivery at Rs 53.85 (53.77), October delivery at Rs 53.50 (52.67) and November delivery at Rs 52.50 (52.45) per kg for RSS 4. The spot market rates per kg were as follows: RSS 4 59 (62); RSS 5 56.50 (60); ungraded 55 (57.50); ISNR 20 52(55); latex 60% 42 (43)
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