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Physical Rubber prices witness weakness on Thursday

22 Apr 2022 Evaluate

Physical Rubber prices witnessed weakness on Thursday as copious summer rains allow tapping to continue during lean season in parts of the major rubber-producing state Kerala kept domestic prices under pressure. Further, ongoing inflationary pressures also weighed on rubber prices.

Spot prices for RSS-4 variety fell to 169/ kg compared to its previous closing of Rs 170/ kg; while the RSS-5 variety declined to 166.50/ kg compared to its previous closing of Rs 167.50/ kg.