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Physical Rubber prices witness weakness on Thursday

26 May 2023 Evaluate
Physical Rubber prices witnessed weakness on Thursday due to decline in demand from domestic industrial buyers following looming economic slowdown fears globally. Meanwhile, India’s natural rubber production exceeded 800,000 tons for the first time in a decade. 

Spot prices for RSS-4 variety fell to Rs 159/ kg compared to its previous closing of Rs 160/ kg; while the RSS-5 variety declined to Rs 156.50/ kg compared to its previous closing of Rs 157/ kg.

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