Financial Daily from THE HINDU group of publications
Friday, Dec 10, 2004
Financial Daily from THE HINDU group of publications Friday, Dec 10, 2004 |
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Agri-Biz & Commodities
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Rubber Buying props up rubber prices Our Correspondent
Kottayam , Dec. 9 SPOT rubber prices improved on Thursday. All-round buying from covering groups and North Indian kept the prices firm throughout the session. Arrivals declined as growers turned slightly bullish towards the weekend, while the world markets also appeared favourable. Purchases from the general rubber good sector were moderate. All the grades gained and sheet rubber RSS 4 closed at Rs 50.75 against Rs 50 a kg on Wednesday. The rubber futures continued to move up following a better TOCOM closing .The December delivery was quoted at Rs 51.75 (Rs 51.50), January delivery at Rs 52.95 (Rs 52.69), February delivery at Rs 54.19 (Rs 53.87) and March delivery at Rs 55.19 (Rs 54.95) per kg for RSS 4.The volumes were good.
The physical market rates per kg were as follows: RSS 4 50.75 (50); RSS 5 48.25 (48.00); ungraded 46.75(46.25); ISNR 20 48.75 (48.50) and latex 60 per cent 39 (38.50).
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