Financial Daily from THE HINDU group of publications
Thursday, Dec 16, 2004
Financial Daily from THE HINDU group of publications Thursday, Dec 16, 2004 |
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Agri-Biz & Commodities
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Rubber Rubber firms up on purchases Our Correspondent
Kottayam , Dec. 15 SPOT rubber prices firmed up on Wednesday. Moderate buying from major sectors, covering groups and purchase agents added gains to all grades while growers slowed down their selling. Many growers who tapped the trees during the monsoon season under rain guards got better crop at that time as tapping went on uninterrupted. They are now experiencing a fall in production to the extent of 25-30 per cent reducing the inflow of rubber. Rubber futures maintained firm trend except for its December delivery which was quoted at Rs 52.75 (Rs 52.92) on Wednesday. The January delivery was at Rs 53.83 (Rs 53.74), February delivery at Rs 55.10 (Rs 54.70) and March delivery at Rs 56.10 (Rs 55.90) per kg for RSS 4. The January futures for RSS 3 improved to 130.2 yen against 128.2 yen a kg at TOCOM. At Bangkok, RSS 3 closed at Rs 52.85 a kg against Rs 52.70 a kg on Tuesday. The physical market rates (per kg) on Wednesday were as follows: RSS 4 Rs 52 (Rs 51.75); RSS 5 Rs 49 (Rs 48.75); Ungraded Rs 48 (Rs 47); ISNR 20 Rs 49.50 (Rs 49.25), and Latex 60 per cent Rs 39.50 (Rs 39).
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