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Physical Rubber prices remain unchanged on Monday

03 Dec 2019 Evaluate

Physical Rubber prices remain unchanged on Monday due to lack of genuine buyers or sellers in the local trading houses to set a definite trend in the market, while expectation of a fall in global output due to a severe pest attack in major producing countries such as Thailand, Indonesia, and Malaysia limited the downside. Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 130.50/ kg and Rs 127.50/ kg respectively.

In the futures market, December delivery gained to Rs 133.49 compared to its previous closing of Rs 133.07, while January delivery was at Rs 134.50 compared to its previous close of Rs 134.35 on the Indian Commodity Exchange Limited (ICEX).

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