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Aravindan

Kottayam , Aug 23

Spot rubber rates finished static on Wednesday. The market participants were unwilling to take fresh commitments since production and arrivals are expected to improve in the succeeding months.

Sheet rubber closed unchanged at Rs 92 a kg both at Kottayam and Kochi. Though the market witnessed low selling interest from dealers and growers, the prices failed to firm up in the absence of consumer support.

Futures weak

The rubber futures turned weak on NMCE with disappointing volumes. The transactions stood at 431 tonnes till mid session. According to sources traders seemed to loose confidence on the commodity and most of them preferred to switch over to more active counters like pepper and cardamom.

The September contract was quoted at Rs 90.55 (Rs 90.91), October at Rs 87.22 (Rs 87.61), November at Rs 87 (Rs 87.55) and December at Rs 87 (Rs 87.56) per kg for RSS 4.

Prices (Rs a kg) were: RSS-4: Rs 92 (Rs 92); RSS-5: Rs 89 (Rs 89); ungraded: Rs 86 (Rs 86); ISNR 20: Rs 89.50 (Rs 89.50) and latex 60 per cent: Rs 72.61 (Rs 72.61).

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