The Hindu Business Line : Spot rubber stays steady

Kottayam, March 31 Spot rubber finished almost steady on Monday, the last trading day of the current financial year. Major players continued to sideline the market and hence the volumes were in an extremely low key, sources said. RSS 4, the only gainer of the day improved by 50 paise to Rs 103.50 a kg at Kottayam on scattered transactions while the grade closed flat at the same level in Kochi.

The April futures for RSS 3 flared up sharply to ¥277.8 (Rs 111.84) from ¥270.8 a kg at TOCOM. Its spot slipped to Rs 111.77 from Rs 112.15 a kg at Bangkok.

Futures better

The rubber futures turned better on NMCE. The April futures improved to Rs 104.40 (103.26), May to Rs 106.28 (105.24), June to Rs 107.60 (106.52) and July to Rs 107.41 (106.66) per kg for RSS 4. The volumes totalled 784 (318) lots. The open interest stood at 4,229 (4,134) tonnes with 1,889 (1,897) tonnes in April, 1,471 (1,395) tonnes in May, 646 (628) tonnes in June and 223 (219) tonnes in July.

Spot prices were (Rs/kg): RSS-4: 103.50 (103); RSS-5: 100.50 (100.50); ungraded: 98.50 (98.50); ISNR 20: 99.50 (99.50) and latex 60 per cent: 70 (70).

More Stories on : Rubber

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

Stories in this Section
YES Bank finds agri-lending profitable

NGOs organise ‘Week of Rice Action’

‘Westerly double’ to unsettle weather in N-West

Vandiperiyar tea estates: Globalisation plucking away livelihoods

Rains damage 90% crop in AP grape yards

Spot rubber stays steady

Farm panel for hiking minimum cane price

Cardamom up on buying support

Chilli futures gain on crop damage

Pepper futures mixed on high volatility

No word yet on commodity transaction tax

Exporters may stand to lose from higher floor price for rice

Government must strengthen commodity commercial intelligence