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Physical Rubber prices extend gains on Wednesday

07 Oct 2021 Evaluate

Physical Rubber prices extended firmness on Wednesday due to an improved domestic demand following lower output in Kerala, the country’s largest producer of the commodity. Spot prices for RSS-4 variety firmed up to Rs 170/ kg compared to its previous closing of Rs 169.50/ kg; while the RSS-5 variety gained to Rs 168/ kg compared to its previous closing of Rs 167.50/ kg.

In the futures market, October delivery fell to Rs 173.80 compared to its previous closing of Rs 174.37 on the Indian Commodity Exchange Limited (ICEX).

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