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Physical Rubber prices extend gains on Saturday

22 Nov 2021 Evaluate

Physical Rubber prices extended gains on Saturday following acute shortage of the raw material. Meanwhile, the global production of natural rubber is projected to register a CAGR of 4.3% during the forecast period of 2021 to 2026. Spot prices for RSS-4 variety gained to Rs 185/ kg compared to its previous closing of Rs 184/ kg; while the RSS-5 variety firmed to Rs 183/ kg compared to its previous closing of Rs 182/ kg.

In the futures market, December delivery traded flat at its previous closing of Rs 177.90 on the Indian Commodity Exchange Limited (ICEX).

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