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Physical Rubber prices witness weakness on Monday

14 Jun 2022 Evaluate

Physical Rubber prices witnessed weakness on Monday amid lingering concerns over inflation and global economic growth. Although, some losses were capped by reports that the global natural rubber market size was $22360 million in 2020 and it is expected to reach $26350 million by the end of 2027, with a CAGR of 2.4% during 2021-2027.

Spot prices for RSS-4 variety declined to Rs 177.50/ kg compared to its previous closing of Rs 178/ kg; while the RSS-5 variety fell to Rs 175.50/ kg compared to its previous closing of Rs 176/ kg.

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