Financial Daily from THE HINDU group of publications
Saturday, Feb 04, 2006
Financial Daily from THE HINDU group of publications Saturday, Feb 04, 2006 |
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Agri-Biz & Commodities
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Rubber Rubber for May delivery tops Rs 90 Our Correspondent
Kottayam , Feb. 3 SPOT rubber posted superb gains as international markets continued to act as major catalysts on Friday. The prices moved up as the gap between the demand and supply positions widened since covering groups and purchase agents were willing to offer the highest quotations. According to sources, buying from domestic futures markets contributed a major portion of the total trading volumes in main marketing centres. NMCE February contract closed at Rs 85.15 (Rs 84.07); March at Rs 88.10 (Rs 86.39); April at Rs 89.30 (Rs 87.95) and May contract at Rs 90.30 (Rs 88.91 ) a kg for RSS 4. The March delivery contract for RSS 4 was quoted at Rs 87 against Rs 85.57 a kg on MCX March futures RSS 3 hit the upper circuit gaining Rs 3.36 at 263.6 yen (Rs 98.41) a kg against 254.6 yen at TOCOM. Spot prices a kg were: RSS-4: Rs 82 (Rs 80); RSS-5: Rs 80.50 (Rs 78.75); ungraded: Rs 79.50 (Rs 78); ISNR 20: Rs 80 (Rs 78.50); and latex 60%: Rs 58 (Rs 57).
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