Business Daily from THE HINDU group of publications Saturday, Nov 10, 2007 ePaper | Mobile/PDA Version |
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Agri-Biz & Commodities
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Rubber Spot rubber prices turn weak Aravindan Kottayam, Nov. 9 Physical rubber prices finished weak on Friday. RSS 4 declined to Rs 99 from Rs 99.50 a kg on Thursday. According to market circles the climate was fair enough to put pressure on the prices. The trading activities were in a slow pace in the absence of domestic futures. The market made all round declines on buyer resistance amidst low volumes. Better at bangkokThe rubber futures remained closed during the normal sessions on account of Diwali. RSS 3 weakened at its December futures to 291.7 yen from 294.9 yen a kg at TOCOM. The grade’s spot closed better by 20 paise at Rs 102.25 against Rs 102.05 a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 99 (99.50); RSS-5: 96 (97); ungraded: 93.25 (94); ISNR 20: 95 (95.50) and latex 60 per cent: 64.50 (64.50). More Stories on : Rubber
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