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Physical rubber prices gain further on Thursday

19 Oct 2012 Evaluate

Physical rubber prices improved further on Thursday as the widespread monsoon rains, especially overnight rains affected the tapping in major plantation areas creating fears on further dip in arrival and production.

Spot prices for RSS-4 variety continued to improve to Rs 186/ kg compared to its previous closing of Rs 184/ kg, while RSS-5 variety closed at Rs 178/ kg compared to its previous closing of Rs 176/ kg.

In the futures market, contract of November delivery slipped to Rs 183.80 compared to its previous closing of Rs 184.70, while December delivery closed at Rs 184.01 compared to its previous closing of Rs 185.67 on the National Multi Commodity Exchange (NMCE).

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