![]() Financial Daily from THE HINDU group of publications Friday, Mar 25, 2005 |
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Agri-Biz & Commodities
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Rubber Rubber market in holiday mood Our Correspondent
Kottayam , March 24 THE domestic spot rubber market was relatively inactive celebrating Easter. Traders and other market participants were in a holiday mood as spot and futures markets will remain closed both on Friday and Saturday. Sheet rubber RSS 4 closed steady at Rs 55.50 a kg at Kottayam and Kochi as on Wednesday. The extreme dry spell has put a halt to tapping and the arrivals were almost nil. The NMCE futures showed a better trend on Thursday. The April contract was traded at Rs 56.99 (56.85), May contract at Rs 59.09 (58.70), June contract at Rs 60.24 (60.10) and July contract at Rs 61.28 ( 61.05) per kg for RSS 4. The spot rubber rates per kg were: RSS-4: Rs 55.50 (55.50); RSS-5 : Rs 54 (54); ungraded: Rs 53.50 (53.50); ISNR 20: Rs 54 (54); and latex 60 per cent: Rs 40 (40).
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