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Aravindan

Kottayam April 18 Physical rubber prices continued to rule weak on Wednesday. Sentiments were bearish on import fears, even two days after the Governments denial of the reported move to bring the raw material at reduced tariff from Thailand.

Mr Sajen Peter Chairman, Rubber Board has also confirmed that there is no such attempt to import rubber by the centre. Anyhow sheet rubber settled sharply down at Rs 87 against Rs 89 a kg both at Kottayam and Kochi.

Futures decline

The rubber futures declined sharply in the morning session but regained the losses completely to finish in green on fresh buying coupled with short covering. On NMCE, the near month May contract concluded the day at Rs 89 (88.59), June at Rs 91.49 (90.89), July at Rs 93.60 (93.59) and August at Rs 92.65 (93) per kg for RSS 4.

RSS 4 improved at its May contract to Rs 89.50 from Rs 89.20 a kg on MCX.

Spot rubber prices were (Rs/kg): RSS-4: 87 (89); RSS-5: 86 (88); Ungraded: 85 (87); ISNR 20: 86.25 (88.25) and Latex 60 per cent: 64.20 (64.20).

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