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Our Correspondent

Kottayam , July 23

THE physical rubber prices tumbled as traders and growers encashed their stock at the current high prices.

RSS 4 dipped to close at Rs 65 against Rs 66.50 a kg on buyer resistance. The sentiments turned negative, expecting a rise in arrivals towards the peak season. Meanwhile, latex remained steady on sustained demand.

According analysts, the demand and supply may be balanced during August and the supply may outstrip demand only in September.

The futures market continued the downtrend on Friday. The near-month August delivery was quoted at Rs 61.30 (62.80), September delivery at Rs 56.00 (57.66), October delivery at Rs 54.00 (55.29) and November delivery at Rs 53.22 (54.70) per kg for RSS 4.

At Bangkok, RSS 3 improved to Rs 56.95 against Rs 56.56 a kg .The August futures at TOCOM for RSS 3 closed at 136.4 yen a kg from 135 yen on Thursday.

The Friday spot market rates per kg were as follows: RSS 4: Rs 65.00 (Rs 66.50); RSS 5: Rs 63.50 (Rs 64.50); ungraded: Rs 60.50 (Rs 61.50); ISNR 20: Rs 57.50 (Rs 58.00); latex 60%: Rs 48.00 (Rs 48.00)

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