The Hindu Business Line : Rubber prices decline further

RUBBER prices declined further on moderate selling from dealers and growers. The favourable change in weather is expected to enhance the production and arrivals soon.

According to observers, the normal tapping process might resume within a few days after the initial preparations. The bearish trend in international markets due to improved supply from Thailand and fears on enhanced domestic arrivals kept the sellers under pressure throughout the session.

ISNR 20 and latex were weak and inactive in the absence of north Indian buyers while Most of the grades fell

The NMCE futures continued to record sharp losses on Monday. The August contract was quoted at Rs 65.40 (Rs 66.88), September contract at Rs 62.55 (Rs 63.65), October contract at Rs 60.11 (Rs 61.44) and November contract at Rs 59.35 (Rs 60.22) per kg for RSS 4. RSS 3 declined sharply to Rs 73.82 a kg from Rs 75.05 at Bangkok. At TOCOM, the September futures for RSS 3 closed at 189.4 yen against 188.9 yen on Friday.

Spot prices a kg were: RSS-4 - Rs 64.50 (Rs 65.50); RSS-5 - Rs 61 (Rs 62.50); ungraded - Rs 57.75 (Rs 58); ISNR 20 - Rs 57.50 (Rs 57.50) and latex 60% - Rs 40 (Rs 40.50).

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Indian shrimp prices slide in US market

Delicate harvest

Reorientation of fertiliser subsidy — An approach based on strategic analysis

Flower Bazaar still blooms for some vendors

Flower power

Himalya Intl gets Rs 5.5-cr US order

Rubber prices decline further

Bullish signals for metals market from OECD data

Groundnut oil prices seen firm in short term on low stocks

Future hopes

Global vanilla production may exceed anticipated demand

`Tune agri policy to gain from WTO'