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Physical Rubber prices witness weakness on Tuesday

29 Dec 2021 Evaluate

Physical Rubber prices witnessed weakness on Tuesday due to panic selling from certain growers and traders, while buyer resistance following worries of accelerated spread of Omicron corona-virus variant also adding pressure on rubber prices. The Association of Natural Rubber Producing Countries (ANRPC) has said natural rubber prices will expected to gain in the short-term in the global market on impending seasonal short-supply and surging demand from China.

Spot prices for RSS-4 variety fell to Rs 162/ kg compared to its previous closing of Rs 163/ kg; while the RSS-5 variety declined to Rs 159/ kg compared to its previous closing of Rs 160/ kg.


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