Spot rubber rules steady

Spot rubber rules steady
Kottayam, Feb. 23

Spot rubber closed unchanged on Tuesday. Declines in the domestic and international rubber futures kept the sentiments under pressure during the day but the prices sustained at previous day's levels lacking quantity sellers in the market. Sheet rubber closed steady at Rs 142 a kg and the volumes continued to be low amidst scattered transactions.


Futures weak

The March futures closed weak at Rs 143.06 (143.70), April at Rs 147.52 (148.68), May at Rs 150.22 (151.69) and June at Rs 152.64 (153.25) a kg for RSS 4 on National Multi Commodity Exchange (NMCE). RSS 3 weakened at its March futures to ¥289 (¥290.5) (Rs 146.88), April to ¥291.6 (¥293.9), May to ¥294.8 (¥297.7), June to ¥297.1 (¥300.3) and July to ¥299 (¥302.5) a kg while the August futures concluded its debut trading at 300.8 Yen during the day session on Tokyo Commodity Exchange. RSS 3 slipped to Rs 148.62 (148.86) a kg on Singapore Commodity Exchange (SICOM). It moved down to Rs 149.52 (150.18) a kg at Bangkok.



Spot prices were (Rs/kg): RSS-4: 142 (142); RSS-5: 138.50 (138.50); ungraded: 136.50 (136.50); ISNR 20: 136.50 (136.50) and latex 60 per cent: 91 (91).(B.L)

http://www.thehindubusinessline.com/2010/02/24/stories/2010022452652000.htm

Drought worsens in China's rubber-growing Yunnan
BEIJING: The most severe drought in China's southwestern Yunnan province in six decades has hit sugarcane, rubber and coffee crops and blocked transport on a major river bordering Laos and Myanmar, the Xinhua news agency reported.



The drought has affected a total of 2.55 million hectares of crops, including wheat and vegetables, accounting for 85 percent of the province's total growing area, Xinhua cited the local agricultural bureau as saying.(Reuters)

http://in.reuters.com/article/worldNews/idINIndia-46421320100224