Business Daily from THE HINDU group of publications Sunday, Sep 09, 2007 ePaper |
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Agri-Biz & Commodities
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Stock Exchanges Spot rubber rules weak
Aravindan Kottayam, Sept. 8 Rubber prices ended weak on Saturday. Traders lacked the confidence to buy in the absence of international guidance and promising domestic fundamentals. In the spot market, sheet rubber moved down to Rs 87.50 a kg from Rs 88 a kg both at Kottayam and Kochi. The volumes were low. In futures, the September contract slipped to Rs 85.96 a kg from Rs 86.09 on MCX. Spot prices were (Rs/kg): RSS-4: 87.50 (88); RSS-5: 85 (85.50); ungraded: 81.50 (81.75); ISNR 20: 84.50 (85) and latex 60 per cent: 61.05 (61.05).
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