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Wednesday, Feb 06, 2002

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Agri-Biz & Commodities - Rubber

Rubber market flat

Our Correspondent

KOTTAYAM: Rubber market here remained flat to weak on Tuesday. Ungraded rubber declined a tad on low buying interest of the northern buyers while the rest held steady. Traders attributed the failure of STC and the State machinery to commence price support purchases as the main factor for the decline.

Sheet rubber RSS 4 was traded at Rs 28.50 per kg, RSS 5 at Rs 27.50, block rubber ISNR 20 and latex 60 per cent at Rs 28 as on Monday. Ungraded rubber lost ground slightly to record trading at Rs 26.25 per kg from Rs 26.50.

The loss incurred for export of rubber could be well offset by Rs 40-crore earmarked by the Government, said official sources. They claimed that this was over and above the assistance given by the Rubber Board and all agencies including Infam would be benefited by the scheme.

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