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Physical Rubber prices witnesses weakness on Tuesday

11 May 2016 Evaluate

Physical Rubber prices showed weakness on Tuesday. Meanwhile, raising concerns over the decline in natural rubber production, the Parliamentary panel has called upon the Finance Ministry to allocate adequate funds to carry out re-plantations optimally.

Spot prices for RSS-4 variety declined to 134/ kg compared to its previous closing of Rs 135/ kg; while the RSS-5 variety dipped to 132/ kg compared to its previous closing of Rs 133/ kg.

In the futures market, contract of May delivery declined to Rs 131.41 compared to its previous closing of Rs 134.57, while June delivery closed at Rs 133.38 compared to its previous close of Rs 136.55 on the National Multi Commodity Exchange (NMCE).

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