Agri Business

Holiday mood grips rubber market

Aravindan Kottayam | Updated on September 06, 2011

rubber

Spot rubber ruled steady on Tuesday. According to observers, the market was totally in a holiday mood prior to ‘Onam'. Almost a similar trend in the domestic futures market and the absence of quantity buyers on either side kept the sentiments neutral. Sheet rubber finished unchanged at Rs 214 a kg both at Kottayam and Kochi, according to traders and the Rubber Board. The transactions were low.

The September series closed at Rs 217.80 (217.29), October at Rs 213.20 (212.86), November at Rs 213.11 (213.40), December at Rs 213.25 (212.75), January at Rs 215.88 (217) and February at Rs 218.10 (217.40) a kg for RSS 4 on the National Multi Commodity Exchange.

RSS 3 (spot) declined to Rs 215.25 (217.20) a kg at Bangkok. The September futures weakened further to ¥347.2 (Rs 206.99) from ¥352 a kg during the day session but then bounced back to ¥354 (Rs 211.05) in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 214 (214); RSS-5: 205 (205); ungraded: 199 (199); ISNR 20: 208.50 (208.50) and latex 60 per cent: 133 (133).

Published on September 06, 2011

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