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Our Correspondent

Kottayam , July 28

SPOT rubber prices showed a mixed trend on Wednesday. RSS 4 was static in the absence of fresh arrivals.

Buyers kept on the sidelines waiting for the downtrend to gather momentum as any quantity selling from growers or traders was expected to trigger another fall in prices.

Both ISNR 20 and latex declined by 50 paise, while the other grades were steady as on the previous day.

The futures market turned weak quoting the August delivery at Rs 60.50 (61.38) on Wednesday. The September delivery was quoted at Rs 54.50 (55.99); October delivery at Rs 53.04 (54.14) and November delivery at Rs 52.65 (53.46) per kg for RSS 4.

The trading volumes declined as the market appeared to be under the grip of sellers.

The spot market rates per kg on Wednesday were as follows:

RSS 4 63.00 (63.00); RSS 5 62.00 (62.00); ungraded 59.00 (59.00); ISNR 20 56.00 (56.50) and latex 60 per cent 45.00 (45.50)

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