Financial Daily from THE HINDU group of publications
Thursday, Apr 10, 2003
Financial Daily from THE HINDU group of publications Thursday, Apr 10, 2003 |
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Agri-Biz & Commodities
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Rubber Rubber prices rule steady Our Correspondent
KOTTAYAM, April 9 RUBBER prices ruled more or less steady on Wednesday with no visible activity. Buyers are waiting for the prices to decline to the world market level but sellers are not prepared to part with their stock. The covering group made some attempt to contract at least a few deals, but were not successful. Latex market was also calm, as there was nobody to buy at higher prices. Though there was some quantum on offer, trading was practically nil as buyers were reserved. Sheet rubber RSS 4 was quoted at Rs53 per kg on Wednesday as on Tuesday. RSS 5 declined to Rs 51 from Rs 52 and ISNR 20 improved to Rs 51.50 from Rs51. Ungraded rubber remained static at Rs 49. Latex concentrate remained flat at Rs38 per kg.
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