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Our Correspondent

Kottayam , Jan. 6

SPOT rubber rates were mixed on Friday. A sharp decline in international futures hammered the market mood, triggering fresh sales from dealers.

Though the leading overseas indices recovered partially towards closing, the domestic sheet rubber weakened to Rs 70 at Kottayam and Kochi from Rs 70.50 a kg as most of the buyers preferred to keep low volumes. Meanwhile, scattered rains during the past few days gave hopes to a slightly prolonged tapping season, sources said. Arrivals were low.

NMCE January contract was quoted at Rs 71.10 (70.86), February Rs 72.90 (72.65), March Rs 74.22 (74.01) and April contract at Rs 76.05 (75.89) per kg for RSS 4.

The February contract for RSS 4 improved to Rs 73 against Rs 72.91 a kg on MCX.

The February futures for RSS 3 was steady at Rs 78.05 a kg at Bangkok.

Physical rates a kg were: RSS-4: 70 (70.50); RSS-5: 68.50 (68.50); ungraded: 66.75 (67); ISNR 20: 68.25 (68.25); and latex 60%: 50 (50).

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