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Physical rubber prices declined on Tuesday

05 Mar 2014 Evaluate

Physical rubber prices declined on Tuesday as the dealers continue to hold stocks with them and they are not likely to buy rubber from growers who are unwilling to sell below Rs 171 a kg for RSS 4.

Spot prices for RSS-4 variety declined to Rs 147/ kg compared to its previous closing of Rs 147.50/ kg, while RSS-5 variety closed at Rs 145/ kg compared to its previous close of Rs 146/ kg.

In the futures market, contract of March delivery declined to Rs 146.60 compared to its previous closing of Rs 147.10, while April delivery closed at Rs 151.00 compared to its previous close of Rs 151.23 on the National Multi Commodity Exchange (NMCE).

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