Physical Rubber prices showed firmness on Tuesday, supported by fall in domestic imports along with news of a sharp decline in exports from Thailand, Indonesia and Malaysia, the world’s top producers of natural rubber. Spot prices for RSS-4 variety gained to 127.50/ kg compared to its previous closing of Rs 126.50/ kg; while the RSS-5 variety jumped to 125/ kg compared to its previous closing of Rs 124.50/ kg.
In the futures market, December delivery gained to Rs 130.90 compared to its previous closing of Rs 130.27, while January delivery was at Rs 132.08 compared to its previous close of Rs 131.62 on the Indian Commodity Exchange Limited (ICEX).
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