The Hindu Business Line : Rubber market firms up on low arrivals

RUBBER market firmed up following low arrivals. Prediction of the India Meteorological Department that there would be delay in the southwest monsoon to break in over Kerala has made the growers to withdraw to the shell. The world market had a marginal gain on Tuesday with RSS 3 firming up to Rs 48.38 per kg as against Rs 48.33/kg on Monday.

The futures market exhibited a reverse trend, making some losses compared to the rates quoted on Monday. June delivery was quoted at Rs 51 per kg on Tuesday compared to of Rs 51.78/kg on Monday. July delivery was at Rs 51.19 instead of Rs 51.90 on Monday. Quotation for the August delivery was at Rs 50 as against Rs 51.01.

In the spot market, sheet rubber RSS 4 moved up to Rs 50 per kg on Tuesday as against Rs 49.50 on Monday. RSS 5 firmed up to Rs 49 from Rs 48.50. Block rubber ISNR 20 was steady at Rs 48.50 per kg as on Monday, while ungraded rubber improved to Rs 48.50 from Rs 48.25. Latex concentrate remained static at Rs 38 per kg.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Stage set for rice farming with minimum water

Experts differ over monsoon onset date in Kerala

Silo project process gathers pace — Govt to spell out requirements to bidders next week

Fishing bodies deny links with LTTE

Rubber market firms up on low arrivals

Nigerseed export losing steam on Govt curbs

Pepper steady on domestic support

Fixing the fair price of natural rubber — Growers should show more flexibility