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Physical Rubber prices witness improvement on Tuesday

08 Jul 2020 Evaluate

Physical Rubber prices showed improvement on Tuesday on account of supply crunch in the market as rubber tapping has come to a halt in Kerala, the largest grower, due to rains in key growing areas of the state. Rubber prices improved further by rising domestic demand despite the corona virus pandemic. Spot prices for RSS-4 variety gained to 122/ kg compared to its previous closing of Rs 121/ kg; while the RSS-5 variety jumped to 118/ kg compared to its previous closing of Rs 117/ kg.

In the futures market, July delivery lost to Rs 124 compared to its previous closing of Rs 124.08, while August delivery was trading at Rs 127.01 compared to its previous close of Rs 127.55 on the Indian Commodity Exchange Limited (ICEX).

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