Monday, 18 April 2011
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India: Spot rubber slips on buyer resistance
KOTTAYAM, APRIL 18: Rubber prices turned weak on Monday. The spot market slipped reacting to the decline in domestic and international futures. According to observers, prices fell mainly on buyer resistance, rather than selling by dealers or growers. The trend was partially mixed as latex 60 per cent improved on better demand. Sheet rubber dropped to Rs 238 a kg (Rs 239), according to traders.
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