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Physical Rubber prices extend weakness on Wednesday

10 Aug 2023 Evaluate
Physical Rubber prices extended weakness on Wednesday due to sluggish demand in line with rise in natural rubber output from the major producing belts. Data showed natural rubber production registered a growth of 8.3% during the previous fiscal. 

Spot prices for RSS-4 variety fell to Rs 149/ kg compared to its previous closing of Rs 149.50/ kg; while the RSS-5 variety declined to Rs 144.50/ kg compared to its previous closing of Rs 145/ kg.

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