KOTTAYAM, SEPT 20:
Spot rubber weakened on Friday mainly on buyer resistance. This was despite any improvement in arrivals as untimely rains continued to disrupt tapping in major plantation areas.
According to reports, prices remained under pressure following reports of 1.35 lakh tonnes of rubber bring imported till August from April.
Sheet rubber dropped to Rs 185.50 from Rs.186 and Rs 186.50 a kg respectively, according to traders and the Rubber Board.
The trend was partially mixed as latex improved sharply on fresh demand.
October futures declined to Rs 179.21 (Rs 183.41), November to Rs 179.36 (Rs 182.96), December to Rs 181.30 (Rs 184.92) and January to Rs 185.25 (Rs 187) while the February futures increased marginally to Rs 189.50 (Rs 189) on the National Multi Commodity Exchange.
RSS 3 (spot) slid to Rs 166.05 (Rs 166.25) at Bangkok. September futures closed at ¥268.7 (Rs 168.61) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were: RSS-4: 185.50 (186); RSS-5: 181 (182); Ungraded: 175 (176); ISNR 20: 172 (172) and Latex 60%: 138.50 (134).
India’s Rubber Prices on September 20, 2013
Arrivals in tonnes;prices in Rs/quintal in domestic market.
|
|
Arrivals |
Price |
||||
|
|
Current |
% |
Season |
Modal |
Prev. |
Prev.Yr |
|
change |
cumulative |
Modal |
%change |
|||
|
Rubber |
||||||
|
Udaipura(Raj) |
63 |
-62.5 |
7361.6 |
3230 |
3230 |
-13.29 |
|
Muzzafarnagar(UP) |
47 |
-6 |
6133 |
3260 |
3260 |
-13.64 |
|
Ajmer (Grain)(Raj) |
25 |
19.05 |
6725.4 |
3250 |
3270 |
-13.56 |
|
Lakhimpur(UP) |
7 |
NC |
762 |
3400 |
3400 |
– |
|
Chaibasa(Jha) |
4 |
NC |
408 |
3500 |
3500 |
-7.89 |
|
Pulpally(Ker) |
2 |
-33.33 |
409.8 |
19500 |
19500 |
30 |
Source: The Hindu
