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Physical Rubber prices witness weakness on Monday

20 Dec 2022 Evaluate
Physical Rubber prices witnessed some weakness on Monday due to sluggish demand globally following fears of a potential recession and surging Covid-19 infections in China. Meanwhile, India aims to implement quality control measures for rubber industry by next year, a government source said.

Spot prices for RSS-4 variety fell to Rs 139.50/ kg compared to its previous closing of Rs 140/ kg; while the RSS-5 variety declined to Rs 136.50/ kg compared to its previous closing of Rs 137/ kg.