Financial Daily from THE HINDU group of publications
Saturday, Oct 11, 2003
Financial Daily from THE HINDU group of publications Saturday, Oct 11, 2003 |
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Agri-Biz & Commodities
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Rubber Rubber market rates static Our Correspondent
Kottayam , Oct. 10 RUBBER prices were static on Friday on buyer resistance.The arrivals to the main marketing centres continued to be in a low key, while the growers kept off targeting better quotations. The world market at Bangkok moved up to close at Rs 54.40 per kg for RSS 3 from Rs 53.76 per kg on Thursday. "The consuming sector awaiting the arrivals to improve. The weather has turned to be good for crop generation and naturally we all expect better inflow in the days ahead,'' traders said. In the futures market the near month November delivery was quoted at Rs 51.31 (Rs 51.64), December delivery at Rs 51.90 (Rs 51.98) and January delivery at Rs 51.96 (Rs 52.06) per kg for RSS 4 on Friday. The market showed mild weakness on Friday but the volumes were moderate. The Friday spot market rates per kg were as follows: RSS 4 49.50 (49.50); RSS 5 48.00; (48.00); ungraded 47.25 (47.25); ISNR 20 48.00 (48.00); latex 60 per cent 39.00 (39.00).
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