On Monday (04 October 2010), the spot rubber prices rose due to supply concerns following the widespread rains all over the plantation areas, bringing tapping almost to a halt. Sheet rubber increased to Rs. 171 from Rs. 170 per kg on fresh buying and short covering.
The October futures for RSS 4 rose to Rs. 174.70 (173.69), November to Rs. 177 (176.11), December to Rs. 179.50 (178.44) and January to Rs. 182.60 (180.89) per kg on the National Multi Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 171 (170); RSS-5: 167 (165); ungraded: 164 (162); ISNR 20: 167 (165) and latex 60 per cent: 116 (115.50).
(indiainfoline.com)
No comments:
Post a Comment