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Our Correspondent

Kottayam , July 5

The domestic rubber market remained under pressure on Wednesday, while traders sold their stock to limit losses. Sheet rubber declined to Rs 105.50 and Rs 105 a kg respectively at Kottayam and Kochi from Rs 106.25 a kg on Tuesday.

The prices fell following extended losses in overseas commodity exchanges. Covering groups were buyers at lower levels but they kept low volumes.

Futures mixed

The rubber futures showed a mixed trend on NMCE. Though the contracts fell sharply in the morning session, a partial recovery in TOCOM triggered some short covering at lower levels.

The July contract was quoted at Rs 105 (Rs 105.10), August at Rs 106.05 (Rs 106.52), September at Rs 104 (Rs 103.85) and October contract at Rs 101.25 (Rs 101.01) per kg for RSS 4.Physical prices (Rs a kg) were: RSS-4: Rs 105.50 (Rs 106.25); RSS-5: Rs 101(Rs 103); ungraded: Rs 97.50 (Rs 98); ISNR 20: Rs 99.50 (Rs 100.50) and latex 60 per cent: Rs 78.40 (Rs 78.95).

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