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Physical rubber prices remain unchanged on Saturday

12 Dec 2011 Evaluate

Physical rubber prices remained steady on Saturday, though there was some recovery in the future markets but the buyers resistance kept the spot prices dull.Meanwhile, rubber production in the country has increased by 4.3 per cent to 94,400 tonnes in November, compared to 90,500 tonnes in same month last year.

Spot prices for RSS-4 and RSS-5 variety closed at Rs 202/kg and Rs 199/kg respectively.

In the futures market, the contract of RSS-4 for December delivery improved to Rs 202.85 compared to its previous closing of Rs 201.95, while the contract for January delivery closed at Rs 204.96 compared to its previous closing of Rs 203.98 on the National Multi Commodity Exchange.

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