Business Daily from THE HINDU group of publications
Sunday, May 18, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Sunday, May 18, 2008 ePaper | Mobile/PDA Version | Audio |
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Agri-Biz & Commodities
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Rubber Spot rubber hits Rs 123/kg Aravindan Kottayam, May 17 Physical rubber prices made sharp gains in the weekend session. Covering groups and purchase agents turned extremely aggressive procuring the raw materiel even at higher levels. RSS 4 flared up to Rs 123 from Rs 121 a kg while market made all-round gains amidst low volumes. We expect a positive opening on Monday, a trader told Business line. Since we suffer from acute supply problems, any increase in buying volumes would lift the prices to further highs, he added. Spot prices were (Rs/kg): RSS-4: 123 (121); RSS-5: 120 (118.50); ungraded: 116.50 (116); ISNR 20: 118.50 (117.50) and latex 60 per cent: 82.50 (82.50). More Stories on : Rubber
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