Business Daily from THE HINDU group of publications Sunday, Jul 22, 2007 ePaper |
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Agri-Biz & Commodities
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Rubber Spot rubber rules steady
Aravindan Kottayam, July 21 Spot rubber rates were almost steady on Saturday. Traders were reluctant to undertake fresh commitments in the absence of global advises. RSS 4, the only loser, weakened by 50 paise to Rs 81.50 from Rs 82 a kg on brisk trading. Futures gain
The rubber futures managed to finish green in the weekend session. The August contract ended at Rs 81.45 (81.38) a kg on MCX. The August contract on NMCE downed the shutters at Rs 82.15 (82.05), September at Rs 80.70 (80.21), October at Rs 80.31 (80.10) and November at Rs 80.35 (79.90) per kg for RSS 4. Spot rates were (Rs/kg): RSS-4: 81.50 (82); RSS-5: 80 (80); ungraded: 78 (78); ISNR 20: 79.50 (79.50) and latex 60 per cent: 58.40 (58.40).
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