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Physical rubber prices improved on Wednesday

04 Jul 2013 Evaluate

Physical rubber prices improved on Wednesday on supply concerns following continuous rains in all over the plantation areas. Further, the expectations of an improvement in demand in the cash market also influenced rubber prices.

Spot prices for RSS-4 variety improved to Rs 189/ kg compared to its previous closing of Rs 184.50/ kg, while RSS-5 variety closed at Rs 179/ kg compared to its previous closing of Rs 176/kg.

In the futures market, contract of July delivery weakened to Rs 187.77 compared to its previous close of Rs 192.04, while August delivery closed at Rs 182.10 compared to its previous closing of Rs 186.90 on the National Multi Commodity Exchange (NMCE).

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