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India: Rubber prices unchanged

KOTTAYAM, AUG. 28:

 Spot rubber prices finished unchanged on Wednesday. According to observers, there were no active buyers or sellers as the market remained in a holiday mood owing to Janmashtami. Meanwhile, depreciation of the rupee has made imports more expensive and prices are expected to strengthen further in the domestic market.

Sheet rubber was quoted steady at Rs 184.50 a kg at Kottayam and Kochi, as reported by traders and the Rubber Board. The transactions continued to be low despite a firm closing in futures.

RSS 4 improved sharply with September futures rising o Rs 183.51 (Rs 179.28), October to Rs 182.19 (Rs 175.98), November to Rs 179(Rs 172.87) and December to Rs 178.50 (Rs 173.45) a kg on the National Multi Commodity Exchange.

RSS 3 (spot) flared up to Rs 174.09 (Rs 170.32) a kg at Bangkok. The September futures for the grade dropped to ¥ 265.0 (Rs 185.94) from ¥ 265.9 per kg in the day session and then to ¥ 260.0 (Rs 182.38) per kg in the night session on Tokyo Commodity Exchange.

Spot rubber rates (Rs/kg) were: RSS-4: 184.50 (184.50); RSS-5: 181(181); Ungraded: 174(174); ISNR 20: 167(167) and latex 60%: 152(152).

India’s Rubber Prices on August 28, 2013

Arrivals in tonnes;prices in Rs/quintal in domestic market.

 

Arrivals

Price

 

Current

%

Season 

Modal

Prev.

Prev.Yr

change

cumulative

Modal

%change

Rubber

Palitana(Raj)

250

NC

8940

3250

3250

Ajmer (Grain)(Raj)

111

NC

6286.4

3350

3350

-7.99

Udaipura(Raj)

84

NC

6217

3225

3225

-8.51

Muzzafarnagar(UP)

38.5

NC

5540

3320

3320

-9.04

Lakhimpur(UP)

7

NC

630

3300

3300

Chaibasa(Jha)

3.5

NC

335

3500

3500

-7.89

Irrikkur(Ker)

2

NC

531.2

17800

17800

22.76

Kalpetta(Ker)

0.6

NC

27

17700

17700

18

Source: The Hindu

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