Physical Rubber prices showed weakness on Friday as lack of fresh enquiries from the tyre-makers dampened investor sentiment. Further, a fall in benchmark rubber contracts on the TOCOM due to favorable weather conditions in key growing areas of Thailand, too added pressure on rubber prices. However, some losses were capped by news that Parliamentary Standing Committee on Commerce recently recommended increase in output, marketing and exports of the commodity from northeast and non-traditional regions of India as they have the potential to become major hubs of rubber export.
Spot prices for RSS-4 variety declined to 136/ kg compared to its previous closing of Rs 138/ kg; while the RSS-5 variety lost to 132/ kg compared to its previous closing of Rs 134/ kg.
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