Financial Daily from THE HINDU group of publications
Tuesday, Aug 10, 2004
Financial Daily from THE HINDU group of publications Tuesday, Aug 10, 2004 |
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Agri-Biz & Commodities
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Rubber Ungraded rubber sheds 50 paise Our Correspondent
Kottayam , Aug. 9 THE sentiments appeared slightly negative on Monday though spot rubber rates were almost steady. The only loser was ungraded rubber, which lost 50 paise in the absence of fresh enquiries. Major buyers are waiting for arrivals to improve. There were few sellers in the market but scarcity of raw material rescued the market from another fall. The rubber futures turned weak on Monday. The August delivery was quoted at Rs 59.45(Rs 59.63); September delivery at Rs 54.85 (Rs 55.48); October delivery at Rs 53.30 (Rs 53.80), and November delivery at Rs 52.75 (Rs 53.27) per kg for RSS 4. At Bangkok, RSS 3 was steady at Rs 57.96 a kg while the TOCOM September futures for the same grade declined to 142.7 yen from Friday's 143.8 yen per kg. The spot market rates per kg on Monday were: RSS 4 Rs 58.50 (Rs 58.50), RSS 5 Rs 56 (Rs 56) Ungraded Rs 54 (Rs 54.50), ISNR 20 Rs 52 (Rs 52) and Latex 60% Rs 40 (Rs 40).
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