The Hindu Business Line : Spot rubber slips further

The domestic spot rubber surrendered further on Monday. The market seemed to be reacting in tune with the global trend, which showed prolonged weakness reflecting the dried-up buying interest from major consuming countries and softening oil futures.

RSS 4, the sheet rubber moved down to Rs 82 a kg from Rs 83 a kg at Kottayam and Kochi. Supply concerns following the resumption of rains failed to hold the prices at early levels while slightly improved selling from dealers and growers hammered the counters. Latex 60 per cent continued to rule weak on import rumours.

Futures decline

On NMCE, the rubber futures declined on fresh selling coupled with long liquidation from disappointed traders to limit losses. The September contract was quoted at Rs 84.00 (Rs 85.91), October contract at Rs 76.75 (Rs 79.33), November contract at Rs 76.50 (Rs 78.70) and December contract at Rs 77.00 (Rs 79.04) per kg for RSS 4.

Physical prices (Rs a kg) were: RSS-4: Rs 82.00 (Rs 83.00); RSS-5: Rs 78.50 (Rs 80.00); Ungraded: Rs 77.00 (Rs 77.50); ISNR 20: Rs 78.50 (Rs 79.00) and Latex 60 per cent: Rs 66.30 (Rs 67.35).

More Stories on : Rubber

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

Stories in this Section
`NCDEX world's third largest agri-exchange'

December, not March, to decide wheat output

Rain in South to sustain for 4 more days

Real state of Orissa's economy

Spot rubber slips further

Tea market dearer at Coimbatore sales

Desilting, bund strengthening works

`India needs more special metals'

Soyameal export up 80 pc; Vietnam main buyer

Cashew industry plans to tap expats in UAE

Gold prices nosedive

For farmers, the real issue is access to credit

FDI hopes

Farmers' body to market honey in north India