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Physical rubber prices decline further on Wednesday

26 May 2011 Evaluate

Physical rubber prices continued their bear run on Wednesday lacking any support from the buyers.There were no positive cues either from the domestic or international markets that could have helped the commodity. Trading volumes once again remained low in the absence of quantity buyers.

Spot prices for RSS-4 variety closed at Rs 217/kg compared to its previous closing of Rs 218/kg, while the RSS-5 variety closed at Rs 214/kg compared to its previous closing of Rs 216/kg.

In the futures market, the contract of RSS-4 for June delivery closed at Rs 218.40 compared to its previous closing of Rs 218.87, while the contract for July closed at Rs 221.65 compared to its previous closing of Rs 221.82 on the National Multi Commodity Exchange.

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