Financial Daily from THE HINDU group of publications
Wednesday, Nov 24, 2004
Financial Daily from THE HINDU group of publications Wednesday, Nov 24, 2004 |
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Agri-Biz & Commodities
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Rubber Rubber rates steady Our Correspondent
Kottayam , Nov. 24 THE domestic spot rubber rates remained unchanged on Tuesday. The buyers were not interested to enlarge their commitments in a falling market. The announcement regarding export subsidy has not helped the market to improve; on the other hand prices are going down. Rubber futures turned weak with December delivery at Rs 52.07 (Rs 52.46) a kg ;January delivery at Rs 53.17 (Rs 53.60); February at Rs 53.70 (Rs 54.26) and March at Rs 54.20 (Rs 54.67) for RSS 4. Spot market rates per kg on Tuesday wereRSS 4 Rs 51.25 (Rs 51.25); RSS 5 Rs 49.50 (Rs 49.50); ungraded Rs 47.50 (Rs 47.50); ISNR 20 Rs 50 (Rs 50); and latex 60% Rs 38 (Rs 38).
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