Financial Daily from THE HINDU group of publications
Saturday, May 07, 2005
Financial Daily from THE HINDU group of publications Saturday, May 07, 2005 |
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Agri-Biz & Commodities
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Rubber Shortage persists in rubber market Our Correspondent
Kottayam , May 6 ACUTE shortage of rubber continued to haunt the operators all over the main marketing centres. Covering groups seemed to panic while chasing the meagre arrivals to fulfil their weekly commitments. Buying from the futures market was also reported to be moderate. The rubber futures stayed in tune with the spot market on Friday. The May contract was traded at Rs 60.30 (Rs 60.11), June contract at Rs 62.15 (Rs 61.87), July contract at Rs 62.75 (Rs 62.68) and August contract at Rs 61.60 (Rs 61.51) per kg for RSS 4. The volumes were narrow even in a bullish mood possibly due to low stocks, sources disclosed. The spot market rates per kg on Friday were as follows: RSS-4 Rs 60.50 (Rs 59.75); RSS-5 Rs 59.50 (Rs 58.75); Ungraded Rs 58.75 (Rs 58.50); ISNR 20 Rs 58.25 (Rs 58.25); and latex 60% Rs 39.50 (Rs 39.50).
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