Business Daily from THE HINDU group of publications
Thursday, Nov 09, 2006
ePaper
Business Daily from THE HINDU group of publications Thursday, Nov 09, 2006 ePaper |
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Agri-Biz & Commodities
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Rubber Sheet rubber price declines Aravindan
Kottayam , Nov. 8 Spot rubber shed Tuesday's gains on buyer resistance. RSS 4 retreated to Rs 89 a kg from Rs 89.50 a kg both at Kottayam and Kochi. The trend was mixed. The market moved with the weak international indices, analysts said. A bright morning after a few rainy days was yet another concern for the dull mood. But according to weather forecasts widespread rains can be expected for a couple of days more.
Futures weak
The rubber futures showed clear signs of weakness on NMCE. The last traded price for November was Rs 88.40 (Rs 89.91), December Rs 81.80 (Rs 82.34), January Rs 80.98 (Rs 81.19) and February Rs 81.50 (Rs 82.12) per kg for RSS 4. Physical prices (Rs a kg) were: RSS-4: 89 (89.50); RSS-5: 87 (87); ungraded: 83 (83.25); ISNR 20: 86.50 (86.50) and latex 60 per cent: 60 (60.50).
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