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Our Correspondent

Kottayam , March 9

NEWS on protests against the implementation of VAT took the life out of the market and physical rubber prices closed static on Wednesday.

The activities were meagre as the possibility of an agitation against VAT kept most of the participants on the sidelines but certain tyre companies were reported to be buying at current levels.

Sheet rubber RSS 4 closed unchanged at Rs 54.25 at Kottayam and Rs 54.00 a kg at Kochi.

The NMCE futures improved slightly quoting the March contract at Rs 54.00 against Rs 53.85 a kg on Tuesday. The April contract was quoted at Rs 56.60 (Rs 56.39), May contract at Rs 58.45 (Rs 58.24) and June contract at Rs 59.85 (Rs 59.79) per kg for RSS 4.

The April futures at TOCOM for RSS 3 closed at 137.4 yen against 137.3 yen a kg while the same grade improved to Rs 57.23 from Rs 57.11 at Bangkok.

Spot rubber prices a kg were RSS-4: Rs 54.25 (Rs 54.25); RSS-5: Rs 53 (Rs 53); ungraded: Rs 52.50 (Rs 52.50); ISNR 20: Rs 53.25 (Rs 53.25) and latex 60%: Rs 39.50 (Rs 39.50).

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