Business Daily from THE HINDU group of publications
Sunday, Jun 17, 2007
ePaper
Business Daily from THE HINDU group of publications Sunday, Jun 17, 2007 ePaper |
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Agri-Biz & Commodities
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Rubber Spot rubber weakens on panic sales Aravindan
Kottayam June 16 Spot rubber closed weak during the weekend session. RSS 4 moved down to Rs 80 from Rs 81 a kg as certain nervous dealers and growers pressed for sales since the market entered into a technically critical level.
Futures decline
On NMCE, the July contract surrendered to Rs. 81.50 (82.30), August to Rs 82.61 (83.52), September to Rs 81.63 (82.52) and October to Rs 80 (84) per kg for RSS 4. The volumes totalled 1,390 (2,585) lots. The July contract ended weak at Rs 82.46 against Rs 82.76 a kg on MCX. Spot prices were (Rs/kg): RSS-4: 80 (81); RSS-5: 79.25 (79.50); ungraded: 78 (78); ISNR 20: 79 (79.25) and latex 60 per cent: 60 (60).
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