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Wednesday, Jan 16, 2002

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Agri-Biz & Commodities - Rubber

Rubber prices steady on low arrivals

Our Correspondent


THE rubber market remained steady on Tuesday as arrivals continued to fall on decline in latex production. In the absence of steady demand, the prices moved in a narrow range.

RSS 4 was traded at Rs26.25 as on Monday. RSS 5 and block rubber ISNR 20 were traded at Rs 25 and ungraded rubber firmed up to Rs 24.25 from Rs 24 per kg. Latex 60 per cent improved to Rs 27.50 per kg due to the supply crunch.

Addressing a press conference at Kottayam, Mr A.K. Antony, the Kerala Chief Minister, said a considerable portion of the Rs 100 crore earmarked for improving the agriculture sector would be utilised for relief to rubber growers. He also assured to look into the issue of purchase tax exemption for rubber that delayed STC procurement. He further stated that a package would be announced by January 31.

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