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Our Bureau

Kochi , March 16

Physical delivery of rubber stood at 2,174 tonnes at the National Multi-Commodity Exchange (NMCE) for the March 2006 series.

This accounted for 1.62 per cent of the total volume of 1,33,830 tonnes traded at the exchange. With this, the total physical delivery in rubber increased to 19,484 tonnes.

After the long bull-run, rubber market has moved down a bit because of better latex recovery prospects, due to isolated rains in Kerala.

Keeping in mind the supply shortage in the lean period and high demand, traders are willing to hoard their stock of rubber, NMCE said.

Pepper

Physical delivery in pepper was at 1,445 tonnes, accounting for 1.32 per cent of the total volume of 1,09,172 tonnes traded at the exchange. The total physical delivery of pepper has grown to 14,407 tonnes. With the information that there was a growing export demand in the market, exporters have begun to cover their inventories to fulfil export commitments, NMCE said.

Cardamom slips

Physical delivery in cardamom stood at 43 quintals, accounting for 0.23 per cent of the total volume of 17,922 quintals. Total physical delivery of cardamom at the exchange was 1464 quintals.

Cardamom delivery slipped mainly because spot market ruled low due to prevailing rains and lack of demand. This phenomenon was also attributed to corrections in the market, contrary to the previous month's trade.

Volumes with lower percentage of deliveries are an indicator of higher depth and more liquidity at the exchange, NMCE said.

More Stories on : Commodity Exchanges | Rubber

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