Business Daily from THE HINDU group of publications
Wednesday, Apr 25, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Apr 25, 2007 ePaper |
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Agri-Biz & Commodities
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Rubber Spot rubber remains unchanged Aravindan
Kottayam April 24 The domestic physical rubber prices continued to remain neutral on Tuesday. The trading activities were in an extremely low key as there was no trend setting factors in the market to enhance the volumes. An almost steady trend in the Japanese markets took the fire out of the traders and sheet rubber closed flat at Rs 86.75 a kg as on Monday. `We are looking forward the outcome of the exporters meet at the Rubber Board scheduled on 25th Wednesday' a dealer said. Futures steady The futures were also in a steady mood on NMCE. The May contract concluded the session at Rs 87.80 (87.49), June at Rs 90.85 (90.79), July at Rs 92.99 (99.91) and August at Rs 92.55 (92.70) per kg for RSS 4. The volumes were 1,318 (1,712) tonnes. The May contracts ended slightly better at Rs 88.80 against Rs 88.29 a kg on MCX. Spot prices were (Rs/kg: RSS-4: 86.75 (86.75); RSS-5: 85.50 (85.50); Ungraded: 84.75 (84.75); ISNR 20: 85.25 (85.25) and Latex 60 per cent: 63.65 (63.65).
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