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Physical rubber prices made all round gains on Wednesday

13 Jun 2013 Evaluate

Physical rubber prices made all round gains on Wednesday. The market seemed to be riding on short supplies as a result of the slowdown in tapping due to intensified South-West monsoon rains. Further, growers are holding their produce expecting a rebound in prices during the ongoing low production season.

Spot prices for RSS-4 variety improved to Rs 175/ kg compared to its previous closing of Rs 174/ kg, while RSS-5 variety closed at Rs 170/ kg compared to its previous closing of Rs 169/kg.

In the futures market, contract of June delivery dropped to Rs 175.50 compared to its previous close of Rs 175.53, while July delivery closed at Rs 172.70 compared to its previous closing of Rs 172.78 on the National Multi Commodity Exchange (NMCE).

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