Financial Daily
from THE HINDU group of publications
Thursday, December 13, 2001
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Financial Daily from THE HINDU group of publications Thursday, December 13, 2001 |
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Rubber market steady
KOTTAYAM: The rubber market was steady on Wednesday with RSS 4 firming up slightly on low arrivals. Most of the growers kept off the market expecting STC to commence price support procurement.
Mr O. Rajagopal, the Minister of State for Railways, said Mr Yashwant Sinha, the Union Finance Minister, had issued instructions to the Expenditure Secretary to disburse STC rubber procurement loss of Rs 51 crore in two instalments. This is seen as a pos
itive move to pep up the market.
RSS 4 was traded at Rs 27 against Rs 26.50 per kg on Tuesday, while others remained flat. Ungraded rubber was flat at Rs 24.25; RSS 5 at Rs 25.50, while both block rubber ISNR 20 and latex were quoted at Rs 25. -- Our Correspondent
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