• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Aravindan

Kottayam, Aug. 24 Physical rubber declined on Friday. The sentiments remained dull as the reports from the international markets were bearish. “We expect the supply to improve soon,” an observer said, and “it would be difficult for the domestic prices to rule above the global rates for a long time in the present scenario”. Sheet rubber retreated to Rs 85 a kg from Rs 86 both at Kottayam and Kochi. The market was almost in a holiday mood with only a couple of days more to Onam and it suffered in all grades including latex on buyer resistance amidst selling from traders.

The rubber futures moved down in tandem with the global trend but recovered partially following buying at lower levels on late trading. RSS 4 weakened at its September futures to Rs 84.27 from Rs 84.46 a kg on MCX. The September contract slipped to Rs 84.75 (85.03), October to Rs 80.26 (80.36), November to Rs 79.49 (79.65) and December contract to Rs 79.10 (79.40) per kg for RSS 4. Spot prices were (Rs/kg): RSS-4: 85 (86); RSS-5: 83 (83.50); ungraded: 80 (81); ISNR 20: 82.50 (83) and latex 60 per cent: 60 (60.50).

More Stories on : Rubber

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Area under most crops increases; rice trails

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line