The Hindu Business Line : Rubber futures turn weak

Kottayam, March 20 The domestic rubber futures ended weak on Thursday. The market activities were in a slow pace lacking global guidance as major international commodity exchanges were on holidays. Heavy rains continued to dampen the overall sentiments.

On NMCE, the April futures declined to Rs 104.30 (105.10), May to Rs 106.20 (107.27), June to Rs 107.51 (108.40) and July futures to Rs 108 (109.21) per kg for RSS 4.

Open interest

The open interest improved marginally to 4,239 (4,153) tonnes with 2,277 (2,291) tonnes in April, 1,175 (1,108) tonnes in May, 645 (660) tonnes in June and 142 (94) tonnes in July. The volumes were 711 (620) lots trading 230 (185) lots in April, 234 (256) lots in May, 139 (91) lots in June and 108 (88) lots in July. NMCE will resume its trading only on Monday 24 March after the long holidays. Meanwhile the April futures finished at Rs 104.50 (103.53) a kg on MCX.

The spot rubber market will re-open on Saturday.

More Stories on : Rubber

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

Stories in this Section
Kerala seeks urgent Central aid

‘Low’ forms, to drift along southwest coast

Orphans of the motherland?

Inflation spurts to 10-month high on rising food costs

Rubber futures turn weak

CCEA approves SMP for sugarcane

Govt provides financial relief to tea growers

Icrisat setting up $5.25 m bio-food knowledge centre

Marginal fall in pepper futures

Pepper harvest hit by extended showers

Customs duty on cooking oils slashed

Tea Board signs pact with NSE arm for e-auction

‘Slow pace of farm growth a cause for concern’