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Rubber rules firm on continuous buying

Our Correspondent

Kottayam , March 18

SUSTAINED buying from covering groups and purchase agents kept the physical rubber prices firm on Friday.

There was no selling pressure from dealers or growers and the fresh arrivals to the main marketing centres were almost nil. Weather continued to drain the latex all over the plantations. Sheet rubber RSS 4 improved to Rs 55.50 from Rs 55.00 a kg both at Kottayam and Kochi.

The futures market was almost steady as traders preferred to book profit at higher levels towards the weekend. The April contract was quoted at Rs 56.85 (Rs 56.87), May at Rs 58.80 (Rs 58.76), June at Rs 60.00 (Rs 60.15) and July at Rs 60.85 (Rs 60.90) per kg for RSS 4.The volumes were moderate.

The spot rubber prices per kg were as follows: RSS-4: 55.50 (55.00); RSS-5 : 54.25 (54.00); ungraded: 53.75 (53.25); ISNR 20: 54.00 (54.00); and latex 60 per cent: 41.00 (40.00).

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