Domestic rubber prices continued to rule weak on Friday. There were no quantity buyers in the market even at prevailing levels, though growers seemed to be confident in holding their stocks.
According to observers, the market experienced resistance at higher levels due to the wide gap between the local and international prices.
Sheet rubber weakened to Rs 161 from Rs 162 and Rs 163 a kg, respectively, according to traders and the Rubber Board.
The grade moved down to Rs 158 (Rs 160) as reported by dealers. The trend was partially mixed.
January futures declined to Rs 158.65 (Rs 162.06), February to Rs 160.95 (Rs 164.60), March to Rs 163.50 (Rs 167.34) and April to Rs 167 (Rs 170.92) while the May futures improved to Rs 174 (Rs 173.80) on the National Multi Commodity Exchange.
RSS 3 (spot) dropped to Rs 154.03 (Rs 155.48) at Bangkok. Spot rubber rates Rs/kg were: RSS-4: 161 (162); RSS-5: 154 (155); Ungraded: 149 (151); ISNR 20: 158 (159) and Latex 60%: 125 (125).
India’s Rubber Prices on January 3, 2014
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) |
539.7 |
12.88 |
2035.6 |
2935 |
2955 |
-11.73 |
|
Ajmer (Grain)(Raj) |
21 |
-58.82 |
204 |
3130 |
3145 |
-14.25 |
|
Irrikkur(Ker) |
4 |
NC |
22 |
14700 |
– |
NC |
|
Thaliparamba(Ker) |
4 |
– |
8 |
15250 |
– |
-7.01 |
|
Irity(Ker) |
4 |
– |
8 |
15250 |
– |
-7.01 |
|
Sultan bathery(Ker) |
3.5 |
-12.5 |
20 |
15700 |
15400 |
3.29 |
|
Kuttoor(Ker) |
1 |
-33.33 |
5 |
16000 |
16100 |
– |
|
Madhupur(Jha) |
1 |
– |
2 |
3400 |
– |
-8.11 |
Source: The Hindu
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