Physical Rubber prices showed some firmness on Wednesday due to expectations of higher demand from domestic stockists amid a fall in arrivals in the coming days. Further, expectation of a fall in global output due to outbreak of a fungal disease in key plantation areas in Thailand, Indonesia and Malaysia lifted rubber prices. Spot prices for RSS-4 variety remained unchanged at Rs 125/ kg; while the RSS-5 variety gained to 123.50/ kg compared to its previous closing of Rs 123/ kg.
In the futures market, November delivery gained to Rs 127.10 compared to its previous closing of Rs 127, while December delivery was at Rs 129 compared to its previous close of Rs 128.54 on the Indian Commodity Exchange Limited (ICEX).
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