OUTLOOK- India rubber seen range-bound; stocks weigh

Newswire

MUMBAI, June 28 (Reuters) - Natural rubber prices in India are likely to trade in a narrow range this week as bargain-buying is seen outweighing pressure from a rise in production in May and higher stockpiles, dealers said on Tuesday. "Farmers are holding huge amount of inventory. They are not interested in selling at lower levels. Demand has improved due to recent price fall," said a member of the Indian Rubber Dealers Federation. Spot price of the most traded RSS-4 rubber (ribbed, ...

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