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Aravindan

Kottayam , Nov. 9

The physical rubber prices declined further on Thursday. According to market circles the fall was attributed to buyer resistance though there was no selling pressure on any grades owing to supply concerns.

Sheet rubber settled down at Rs 88.00 a kg against Rs 89.00 a kg at Kottayam and Kochi. The import expectations and the incoming peak production season might be the factors, which influenced the buyers to sideline the market, dealers said.

Futures better

The rubber futures showed a better trend on NMCE in tandem with TOCOM. The last traded price for November was quoted at Rs 89 (Rs 88.29), December at Rs 82.19 (Rs 81.74), January at Rs 80.74 (Rs 80.71) and February at Rs 81.95 (Rs 81.56) per kg for RSS 4.

Spot prices (Rs a kg) were: RSS-4: 88 (89); RSS-5: 86 (87); ungraded: 81 (83); ISNR 20: 85.50 (86.50) and latex 60 per cent: Rs 60 (Rs 60).

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