Physical Rubber prices witness weakness on Saturday

Physical Rubber prices witnessed weakness on Saturday amidst weak demand from industrial consumers in line with data showing India’s natural rubber production registered a growth of 8.3% during the previous fiscal. However, expectations of more stimulus measures in China supported commodity prices to some extent globally.

Spot prices for RSS-4 variety fell to Rs 153.50/ kg compared to its previous closing of Rs 154/ kg; while the RSS-5 variety declined to Rs 150.50/ kg compared to its previous closing of Rs 151/ kg.

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