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01-Mar2019

Physical Rubber prices witness some firmness on Thursday

Physical Rubber prices showed some firmness on Thursday due to ongoing supply crunch in the market. Rubber production in Kerala, which accounts for over 80% of the domestic output, has slowed because low prices have led to a decline in tapping. Unfavourable weather conditions have also led to a fall in yield. Spot prices for RSS-4 variety jumped to 127/ kg compared to its previous closing of Rs 126.50/ kg; while the RSS-5 variety remained unchanged at Rs 122/kg.

In the futures market, March delivery rose to Rs 130.10 compared to its previous closing of Rs 129.47, while April delivery was at Rs 134 compared to its previous close of Rs 133.45 on the Indian Commodity Exchange Limited (ICEX).


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