Financial Daily from THE HINDU group of publications
Tuesday, Apr 05, 2005
Financial Daily from THE HINDU group of publications Tuesday, Apr 05, 2005 |
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Agri-Biz & Commodities
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Rubber Rubber witnesses mild selling pressure Our Correspondent
Kottayam , April 4 SPOT rubber rates closed steady on Monday. Mild selling pressure from traders who hold excess stock put pressure on the prices as buyers were bit cautious on moderate rains all over the plantation areas. Meanwhile, dealers expect an increase in trading volumes as the new tax structure will attract more buyers directly to the main marketing centres. The NMCE rubber futures turned weak with April ruling at Rs 58.80 against Rs 59.53 a kg. The May contract was quoted at Rs 61 (Rs 62.37), June at Rs 62.40 (Rs 63.56) and July contract at Rs 63.02 (Rs 64.08) per kg for RSS 4. The physical rubber rates per kg were as follows: RSS-4: Rs 58.50 (Rs 58.50); RSS-5: Rs 57.50 (Rs 57.50); ungraded: Rs 56.50 (Rs 56.50); ISNR 20: Rs 57.25 (Rs 57.25) and latex 60%:Rs 41 (Rs 41).
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