Agri Business

Mixed trend in rubber

Our Correspondent Kottayam | Updated on October 09, 2012 Published on October 09, 2012

Spot rubber was mixed on Tuesday. The market made a marginal recovery in selected counters following the moderate recovery in domestic futures. According to observers, the under current was weak though covering purchases kept the commodity firm on late trades.

Sheet rubber improved to Rs 192 (190) a kg, according to traders. The grade finished unchanged at Rs 191 a kg at Kottayam and Kochi, as quoted by the Rubber Board.

The October series recovered to Rs 192.20 (188.15), November to Rs 186.79 (182.49), December to Rs 185.28 (180.74), January to Rs 185.50 (181.88) and February to Rs 187.10 (184.04), while the March series dropped to Rs 187.05 (192.75) a kg on the National Multi Commodity Exchange.

RSS 3 firmed up at its October futures to ¥265.9 (Rs 179.05) from ¥264.2 a kg during the day session but then slipped to ¥264.5 (Rs 178.20) in the night session on the Tokyo Commodity Exchange. The grade (spot) bounced back to Rs 174.17 (172.75) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 192 (190); RSS-5: 186 (187); ungraded: 180 (178); ISNR 20: 174 (175) and latex 60 per cent: 126 (128).

Published on October 09, 2012
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