Agri Business

Spot rubber rules firm

Aravindan Kottayam | Updated on April 08, 2011

rubber

Physical rubber prices finished almost unchanged on Friday. The market activities were in a low key as there were no buyers or sellers to trigger a definite direction. The trend was partially mixed since ISNR 20 lost ground on a comparatively low demand. The market seemed to be suffering from short supplies and the arrivals were reported to be dull even in village markets. In fact a firm closing in domestic futures failed to make any visible impact in prices.

According to traders, sheet rubber finished flat at Rs 239 a kg amidst scattered transactions. The grade slipped to Rs 239 (240) a kg both at Kottayam and Kochi, according to the Rubber Board.

The April series improved to Rs 239.40 (234.94), May to Rs 246.22 (241.40), June to Rs 250.34 (245.14) and July to Rs 251.50 (246.43) while the August series declined to Rs 242.01 (244.65) and September to Rs 242.27 (252.36) a kg on the National Multi Commodity Exchange.

RSS 3 (spot) closed at Rs 270.39 (268.05) a kg at Bangkok. The April futures for the grade was steady at ¥480 (Rs 248.35) during the day session but then improved to ¥485.4 (Rs 251.17) a kg in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 239 (239); RSS-5: 235.50 (235.50); ungraded: 231 (231); ISNR 20: 234 (235) and latex 60 per cent: 140 (140).

Published on April 08, 2011

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