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Aravindan

Kottayam May 26 The rubber prices softened on Saturday. The absence of international guidance and partial profit booking at higher levels hammered the prices while a short term bearish outlook in global indices also contributed to the declines, sources said.

In the physical front, sheet rubber moved down to Rs 91 a kg from Rs 92 a kg at Kottayam and Kochi.

Futures weak

The rubber futures led the domestic trend recording moderate losses on NMCE. The June contract lost further to Rs 91.35 (92.01), July to Rs 92.60 (93.20), August to Rs 91.50 (92) and September contract to Rs 89 (89.96) per kg for RSS 4. The volumes were 876 (1,648) tonnes. The June contract for RSS 4 declined to Rs 91 (91.86) a kg on MCX.

Spot rubber prices were (Rs/kg): RSS-4: 91 (92); RSS-5: 90 (90.50); Ungraded: 88.50 (89); ISNR 20: 89 (90.25) and Latex 60 per cent: 64.20 (64.70).

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