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Saturday, Jun 01, 2002

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Agri-Biz & Commodities - Rubber

Rubber steady on low supply

Our Correspondent


THOUGH the rubber prices remained steady on Friday, the uptrend still continued in the market on supply crunch.

Buyers were active to fulfil their covering commitments. But due to shortage of rubber, transactions were rare.

Rubber already contracted at lower rates, when prices ruled at Rs 34 or Rs 35 a kg, could not be supplied to the tyre companies, said the traders.

If the rains recede for a week, the market would get enough supply.

Meanwhile, reliable market sources expressed doubt on the genuineness of the figures regarding stocks in the country. Traders with godown facilities were reluctant to procure and stock rubber afraid of mould growth on sheets during rainy days.

Meanwhile, sheet rubber RSS-4 was steady at Rs 37.50 a kg as on

Thursday. RSS-5 improved to Rs 34.50 from Rs 34 a kg on the previous day. Ungraded rubber also slightly improved to Rs 33 from Rs 32.50. Block rubber ISNR-20 stayed at Rs 33 and latex concentrate at Rs 33.

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