Business Daily from THE HINDU group of publications
Wednesday, Nov 08, 2006
ePaper
Business Daily from THE HINDU group of publications Wednesday, Nov 08, 2006 ePaper |
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Agri-Biz & Commodities
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Rubber Mixed trend in rubber Our Correspondent
Kottayam , Nov. 7 The physical rubber market showed a mixed trend on Tuesday. Heavy overnight rains and acute short supply kept sheet rubber slightly firm though the market lacked support from major manufacturers. The grade closed at Rs 89.50 against Rs 89.25 and Rs 89 a kg respectively at Kottayam and Kochi. "We lost several tapping days since mid-May till now due to sustained rains," a grower said. "Though December and January fall under the peak production season it would not compensate the loss already incurred."
Futures weak
The rubber futures turned weak except for its November delivery, which was quoted at Rs 90.20 (Rs 89.52) a kg on NMCE. The near month December contract finished at Rs 82.20 (Rs 83.11), January at Rs 81.30 (Rs 82.01) and February at Rs 82.08 (Rs 83.28) per kg for RSS 4. Spot prices (Rs a kg) were: RSS-4: Rs 89.50 (Rs 89.25); RSS-5: Rs 87 (Rs 87); ungraded: Rs 83.25 (Rs 83); ISNR 20: Rs 86.50 (Rs 86.50) and latex 60 per cent: Rs 60.50 (Rs 60.50).
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