KOTTAYAM, NOV.19:
Spot rubber declined on Tuesday. Major grades lost ground on buyer resistance, though there was no visible selling pressure in the market. According to sources, widespread rains during the past couple of days disrupted tapping in major plantation areas, putting moderate pressure on production and arrivals. The trend was mixed as ISNR 20 and latex finished flat in almost inactive trading session.
Sheet rubber weakened to Rs 157 (Rs 158) a kg at Kottayam and Kochi, according to traders and the Rubber Board. The grade slipped to Rs 154 (155), as reported by the dealers.
December contracts inched up to Rs 157.96 (Rs 157.77), while January contracts dropped to Rs 159.91 (Rs 160), February to Rs.161.75 (Rs 162.67) and March to Rs 164.72 (Rs 167.23) on the National Multi Commodity Exchange.
RSS 3 (spot) declined to Rs 155.85 (Rs 157.31) at Bangkok. November futures closed at ¥ 248.6 (Rs 154.99) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were: RSS-4: 157 (158); RSS-5: 148 (149); Ungraded: 144.50 (145); ISNR 20: 149 (149) and Latex 60%: 106 (106).
India’s Rubber Prices on November 19, 2013
Arrivals in tonnes;prices in Rs/quintal in domestic market.
|
|
Arrivals |
Price |
||||
|
|
Current |
% |
Season |
Modal |
Prev. |
Prev.Yr |
|
change |
cumulative |
Modal |
%change |
|||
|
Rubber |
||||||
|
Mumbai(Mah) |
580 |
75.76 |
51752.2 |
2981 |
2985 |
-15.36 |
|
Muzzafarnagar(UP) |
45 |
-10 |
9184 |
3225 |
3225 |
-11.64 |
|
Jaipur(Grain)(Chandpole)(Raj) |
21 |
-54.35 |
1768 |
3100 |
3200 |
-19.06 |
|
Irity(Ker) |
4 |
33.33 |
1040 |
14250 |
14750 |
-18.1 |
|
Chaibasa(Jha) |
3.5 |
NC |
591 |
3200 |
3200 |
-15.79 |
|
Thaliparamba(Ker) |
3 |
NC |
1002.4 |
14250 |
14750 |
-18.57 |
|
Sultan bathery(Ker) |
2.4 |
-7.69 |
546.6 |
14500 |
14600 |
-11.59 |
|
Manathavady(Ker) |
0.6 |
NC |
52 |
14700 |
14800 |
-10.91 |
Source: The Hindu
