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Physical Rubber prices extend weakness on Tuesday

15 Jun 2022 Evaluate

Physical Rubber prices extended weakness on Tuesday amid persisting concerns over inflation, rate hikes 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 176.50/ kg compared to its previous closing of Rs 177.50/ kg; while the RSS-5 variety fell to Rs 174.50/ kg compared to its previous closing of Rs 175.50/ kg.


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