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Physical Rubber prices remain unchanged on Thursday

12 Nov 2021 Evaluate

Physical Rubber prices remained unchanged on Thursday due to supply concerns followed by the prevailing weather conditions in the major producing belts. The Association of Natural Rubber Producing Countries said the natural rubber market is on the threshold of a deficit for a long period that could extend up to 2031 due to widening chasm between supply and demand. Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 179.50/ kg and Rs 177.50/ kg respectively.

In the futures market, December delivery fell to Rs 177.40 compared to its previous closing of Rs 177.67 on the Indian Commodity Exchange Limited (ICEX).


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