Business Daily from THE HINDU group of publications
Tuesday, Oct 16, 2007
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Rubber
Spot rubber improves on global cues

Aravindan

Kottayam, Oct. 15 Spot rubber prices scaled further highs on Monday ridden by firm international indices and domestic fundamental factors. Intensified north-east monsoon once again halted tapping and the supplies were expected to hit the bottom lines during the season. RSS 4 improved to 94.50 and Rs 95 from Rs 93 and Rs 93.50 a kg respectively at Kottayam and Kochi.

Futures move up

The rubber futures moved up except for October which expired weak at Rs 94 (94.51) a kg on NMCE. The November contract improved to Rs 96.85 (96.09); December to Rs 97.23 (95.92) and January to Rs 98.30 (97.15) per kg for RSS 4. The November contract was quoted at Rs 96.97 (95.75) a kg on MCX. The open interest stood at 3779 (3,675) lots on NMCE with 292 (364) lots in October, 1,826 (1,734) lots in November, 1,045 (1,012) lots in December and 616 (565) lots in January. The October futures for RSS 3 improved to 266.3 (Rs 88.86) Yen from 264.1 Yen a kg at TOCOM. Spot prices were (Rs/kg): RSS-4: 94.50 (93); RSS-5: 92.50 (91); ungraded: 90 (89.50); ISNR 20: 91 (90) and latex 60 per cent: 64.20 (63.15).

More Stories on : Rubber

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



Stories in this Section
TMB, clearing banker for MCX


Commerce Dept for lifting ban on export of premium rice varieties
‘Low’ may not do a Gonu with N-E monsoon
Spot rubber improves on global cues
Reliance Money small gold coin sale
Hyderabad to host poultry exhibition
Poor weather may hit global clove supply
Pepper futures move up on buying support
Dooars tea garden workers to get Rs 1,000 ex-gratia
Lower landed cost may favour crude palm oil import


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

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