Physical Rubber prices showed some firmness on Monday, supported by higher demand from domestic stockists along with ongoing supply crunch in the market. Moreover, expectations of a fall in global output due to a severe pest attack in major producing countries such as Thailand, Indonesia and Malaysia also supported rubber prices’ uptrend. Spot prices for RSS-4 variety remained unchanged at Rs 130/ kg; while the RSS-5 variety gained to 128/ kg compared to its previous closing of Rs 127.50/ kg.
In the futures market, December delivery declined to Rs 132.60 compared to its previous closing of Rs 133.97, while January delivery was at Rs 134 compared to its previous close of Rs 135.20 on the Indian Commodity Exchange Limited (ICEX).
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