KOTTAYAM, SEPT.25:
Rubber prices fell on the spot and futures markets on Wednesday. The domestic futures dropped sharply on the absence of genuine buyers from major consuming sectors, dampening local sentiments to a great extent. There was no panic selling in the market, as arrivals continued to be low, but prices slipped amidst poor volumes.
Sheet rubber dived to Rs 175 (Rs 179) a kg, according to traders. The grade moved down to Rs 178 (Rs 180) at Kottayam and Kochi, as quoted by the Rubber Board.
October futures declined to Rs 172.50 (Rs 177.30), November to Rs 171.85 (Rs 176.43) December to Rs 173.60 (Rs 178.34) and January to Rs 176.13 (Rs 180.26) while the February futures remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) moved down to Rs 165.19 (Rs 166.24) at Bangkok. October futures closed at ¥ 260.9 (Rs 165.41) on Tokyo Commodity Exchange.
Spot rubber rates (Rs/kg) were: RSS-4: 175 (179); RSS-5: 172 (174); Ungraded: 165 (168); ISNR 20: 166 (168) and Latex 60%: 139 (140).
India’s Rubber Prices on September 25, 2013
Arrivals in tonnes;prices in Rs/quintal in domestic market.
|
|
Arrivals |
Price |
||||
|
|
Current |
% |
Season |
Modal |
Prev. |
Prev.Yr |
|
change |
cumulative |
Modal |
%change |
|||
|
Rubber |
||||||
|
Ranchi(Jha) |
110 |
-57.03 |
12359.4 |
3360 |
3360 |
-11.58 |
|
Muzzafarnagar(UP) |
40 |
-13.04 |
6492 |
3240 |
3240 |
-15.18 |
|
Lakhimpur(UP) |
8.5 |
6.25 |
810 |
3300 |
3300 |
– |
|
Jaipur(Grain)(Chandpole)(Raj) |
7.5 |
-72.73 |
398 |
3200 |
3300 |
-16.45 |
|
Bahadurgarh(Har) |
2.1 |
-47.5 |
19.2 |
3200 |
3150 |
-15.79 |
|
Kuttoor(Ker) |
1 |
NC |
104.6 |
17700 |
17800 |
-5.35 |
|
Madhupur(Jha) |
1 |
25 |
92.8 |
3400 |
3400 |
-15 |
|
Kalpetta(Ker) |
0.6 |
NC |
33.4 |
17500 |
17500 |
-2.78 |
Source: The Hindu Business Line
