Financial Daily from THE HINDU group of publications
Wednesday, Aug 11, 2004
Financial Daily from THE HINDU group of publications Wednesday, Aug 11, 2004 |
||
|
|
||
|
Agri-Biz & Commodities
-
Rubber Sunny days take sheen off rubber Our Correspondent
Kottayam , Aug. 10 SPOT rubber prices fell sharply on Tuesday. The rubber-growing region witnessed two sunny days after continuous rains for over a week. Anticipating this is as a sign of improved weather, traders sold rubber and the market reacted sharply in the absence of quantity buyers. All the grades lost while sheet rubber RSS 4 closed at Rs 57 against Monday's Rs 58.50. The futures market continued its downtrend on Tuesday. The August delivery was quoted at Rs 56.15 (Rs 57.28); September delivery at Rs 53.51 (Rs 53.83); October delivery at Rs 52.55 (Rs 52.79), and November delivery at Rs 52.50 (Rs 52.53) per kg for RSS 4. The TOCOM September futures for RSS 3 improved to 143.2 yen from 142.7 yen a kg. At Bangkok, RSS 3 closed steady at Rs 57.96 a kg similar to Monday's level. The spot market rates per kg on Tuesday were: RSS 4 Rs 57 (Rs 58.50), RSS 5 Rs 55.50 (Rs 56), ungraded Rs 53 (Rs 54) ISNR 20 Rs 51.50 (Rs 52) and latex 60% Rs 39 (Rs 40).
More Stories on : Rubber
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|