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Our Correspondent

Kottayam , Nov. 4

THE low availability of rubber at the main marketing centres strengthened spot rubber prices on Thursday.

According to sources, even village markets suffer from acute shortage of raw material, as growers seem unwilling to sell in the prevailing market conditions.

The covering groups found it difficult to procure enough quantum to fulfil their commitments in the absence of sellers.

Sheet rubber RSS 4 rallied to Rs 53.25 a kg from Rs 52.75 on Wednesday. While all grades moved up on enquiries from major sectors, except exporters, latex closed steady due to low demand.

Rubber futures followed the uptrend, adding gains to all contracts with average volumes. November delivery was quoted at Rs 54.70 (54.40), December delivery at Rs 55.30 (55.02), January delivery at Rs 56.30 (55.99), and February delivery at Rs 57.30 (57.01) for RSS 4.

The spot market rates per kg are as follows: RSS 4 53.25 (52.75), RSS 5 52.25 (51.50), Ungraded 49.50 (49), ISNR 20 52.75 (52), Latex 60% 40 (40).

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