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Rubber prices firm up

Our Correspondent

KOTTAYAM, Oct. 22

Though the rubber market has failed to get back to normalcy despite the withdrawal of the traders' strike, rubber prices have firmed up on Monday.

Certain traders have criticized the decision of the Rubber Dealers' Federation to withdraw the struggle without realizing its objectives. This section wants the struggle to continue until the Rubber Board's disciplinary steps are completely stopped.

The rubber manufacturers have not come to the market despite trade resumption at all centres. Their purchasing arms are awaiting instructions from the headquarters on the question of making offers above the notified minimum level.

The traders are adamant that they would sell rubber only at a price higher enough to cover their handling charges above the MSP. As an alternative, they are prepared to function as purchase agents of the manufacturers at service charge limited to 1 per c ent of the purchase price.

On Monday, RSS 4 was quoted at Rs 32.10 a kg. Ungraded rubber (in place of RSS 5) was at Rs 30.80 per kg while block rubber was traded at Rs 29.50 a kg. Latex 60 per cent was quoted at Rs 24 a kg.