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Physical Rubber prices witness some weakness on Friday

21 Dec 2019 Evaluate

Physical Rubber prices showed some weakness on Friday, driven by lack of quantity buyers in the market. Though, global rubber output is projected to be lower due to a severe pest attack in major producing countries such as Thailand, Indonesia and Malaysia, restricted its losses.

Spot prices for RSS-4 variety fell to 131.50/ kg compared to its previous closing of Rs 132/ kg; while the RSS-5 variety declined to 127/ kg compared to its previous closing of Rs 128/ kg.

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