Rubber news

Agri-commodities market may be bullish
Hyderabad: The failure of kharif crops might lead to a “bullish” situation for the prices of pulses. “My gut feeling is that it will be bullish with regard to pulses, while there is no cause for concern over the overall food situation,” Mr B.C. Khatua, Chairman of Forward Markets Commission (FMC), said.

Addressing a press conference here on Wednesday, he said India was in a peculiar condition where it was the largest producer and consumer of pulses. If there was a shortfall, global supplies were not enough to fill that gap.

“A poor monsoon will have an impact on the domestic markets. This will lead to a bullish agri commodities market,” he said, pointing out that agri processors should keep in mind the impending price risks. (BL)
http://www.thehindubusinessline.com/2009/10/29/stories/2009102950681900.htm

Spot rubber rules firm
Kottayam: The spot rubber market finished unchanged on Wednesday. A marginal improvement in the domestic rubber futures on NMCE failed to catalyse the sentiments as most of the traders preferred to stay back following the predictions on the onset of north-east monsoon.

Futures improve
RSS 4 improved with the November futures rising to Rs 111.30 (110.73); December to Rs 113.20 (112.54), January to Rs 114.98 (114.39) and February to Rs 116.76 (116.10) a kg on the National Multi Commodity Exchange (NMCE). The November futures for RSS 3 closed at ¥233.7 (¥233.6) (Rs 121.53) and December at ¥233.1 (¥234) a kg during the day session on Tokyo Commodity Exchange (TOCOM).