Financial Daily from THE HINDU group of publications
Friday, Jan 28, 2005
Financial Daily from THE HINDU group of publications Friday, Jan 28, 2005 |
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Agri-Biz & Commodities
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Rubber Rubber slips on selling Our Correspondent
Kottayam , Jan. 27 SPOT rubber turned weak on Thursday. Rumours of a possible imposition of tax on the stocks held by dealers hit the market at the opening session and nervous selling from dealers and traders pushed down the prices adding loses to all grades.
The NMCE rubber futures stayed in tune with the physical market trend quoting the February contract at Rs 51.60 against Rs 52.99 a kg on Thursday. The March contract was quoted at Rs 52.70 (53.88), April at Rs 55.59 (56.23) and May at Rs 56.65 (57.35) per kg for RSS 4. At Bangkok RSS 3 was better by 23 paise at Rs 53.01 a kg and the March futures for the same grade improved to 129.2 yen from 128.3 yen a kg on Wednesday at TOCOM . The Thursday spot market rates per kg were: RSS 4: Rs 52.50 (53.50), RSS 5: Rs 51.25 (52); ungraded: Rs 50 (51); ISNR 20: Rs 51.50 (51.75); and latex 60 per cent: Rs 39.50 (40).
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