KOTTAYAM, OCT.21:
Spot rubber declined further on Monday.
The commodity would be under pressure in November and December, due to a possible increase in production, analysts said.
Sheet rubber weakened to Rs 160 (Rs 161) a kg, according to traders. The grade dropped to Rs 161 (Rs 161.50) at Kottayam and Kochi, according to the Rubber Board. The trend was partially mixed.
November futures improved to Rs 161.10 (Rs 160), December to Rs 162.90 (Rs 162.20) and January to Rs 165.05 (Rs 164.73) while the February and March futures remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) surrendered to Rs 157.58 (Rs 158.84) at Bangkok.
October futures closed at ¥252.9 (Rs 158.55) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were: RSS-4: 160 (161); RSS-5: 151 (152); Ungraded: 147 (148); ISNR 20: 153 (154) and Latex 60%: 122 (122).
India’s Rubber Prices on October 21, 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) |
231 |
645.16 |
11251.6 |
3180 |
3180 |
-13.47 |
|
Ajmer (Grain)(Raj) |
95 |
-38.31 |
7654.8 |
3300 |
3300 |
-12.35 |
|
Muzzafarnagar(UP) |
50 |
-9.09 |
7570 |
3230 |
3225 |
-15 |
|
Hapur(UP) |
25 |
– |
50 |
3180 |
– |
– |
|
Jaipur(Grain)(Chandpole)(Raj) |
21 |
-63.79 |
1076 |
3200 |
3200 |
-16.45 |
|
Lakhimpur(UP) |
7.5 |
-6.25 |
988 |
3320 |
3315 |
– |
|
Chaibasa(Jha) |
4 |
NC |
506 |
3500 |
3500 |
-7.89 |
|
Sultan bathery(Ker) |
3.2 |
-8.57 |
498.6 |
14500 |
15100 |
-13.17 |
|
Parakkodu(Ker) |
2 |
-13.04 |
288.8 |
15500 |
15900 |
-14.84 |
|
Pulpally(Ker) |
2 |
NC |
447.8 |
16500 |
16500 |
-1.2 |
Source: The Hindu
