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Physical Rubber prices witness weakness on Wednesday

02 Dec 2021 Evaluate

Physical Rubber prices witnessed weakness on Wednesday due to sluggish demand against expectations for a subsequent improvement in production and arrivals. Meanwhile, the Association of Natural Rubber Producing Countries (ANRPC) has said the outlook on global production of natural rubber anticipated growing by 1.8% to 13.836 million tonnes; and global demand projected a growth of 8.3% to 14.028 million tonnes during 2021. Spot prices for RSS-4 variety fell to 190/ kg compared to its previous closing of Rs 191/ kg; while the RSS-5 variety declined to 188/ kg compared to its previous closing of Rs 189/ kg.

In the futures market, December delivery fell to Rs 189.20 compared to its previous closing of Rs 191 on the Indian Commodity Exchange Limited (ICEX).



 

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