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Thursday, Jan 30, 2003

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Rubber steady on dull trading

Our Correspondent


RUBBER prices ruled steady on Wednesday despite sluggish trading. Arrivals continued to be low following restricted sales by the producers.

The growers who were hopeful of getting better prices held the stock without releasing it to the market.

The re-entry of few buyers belonging to the tyre sector would activate the market, said traders. Though transactions did not pick up immediately, there might be some improvement later, they confirmed. The traders generally welcomed the news appeared in the newspapers regarding the introduction of futures trading in rubber.

Meanwhile, the dry weather prevailing in the State would reduce the tapping days in estates. In major plantations, it has already stopped on account of abnormal leaf fall.

Sheet rubber RSS 4 ruled at Rs 45.25 and RSS 5 at Rs 43.50. All other grades remained steady with block rubber ISNR 20 at Rs 43.50, latex 60 per cent at Rs 33 and ungraded at Rs 42.50.

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