Agri Business

Mixed trend in rubber

Our Correspondent Kottayam | Updated on October 28, 2013 Published on October 28, 2013

Physical rubber prices were mixed on Monday. The market continued to be dull lacking active, traders to initiate a strong movement in the commodity. Though, the arrivals were low, selected counters slipped marginally, on buyer resistance amidst scattered transactions.

Sheet rubber slipped to Rs 158.50 (Rs 159) a kg, according to traders. The grade was quoted steady at Rs 159 and Rs 156 respectively, according to the Rubber Board and dealers.

November futures closed at Rs 159.80 (Rs 159.97), December at Rs 161.40 (Rs 161.08) and January at Rs 163.40 (Rs 163.25) while the February and March contracts remained inactive on the National Multi Commodity Exchange. RSS 3 (spot) weakened to Rs 155.23 (Rs 156.49) at Bangkok. November futures closed at ¥ 248.4 (Rs 156.40) on the Tokyo Commodity Exchange. Spot rubber rates Rs/kg were: RSS-4: 158.50 (159); RSS-5: 151 (151); Ungraded: 146 (146); ISNR 20: 150 (151) and Latex 60%: 117 (117).

Published on October 28, 2013
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