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The grade closed unchanged at rs.
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The inter governmental organisation of 13 rubber producing countries in its latest report said the global demand for nr is likely to fall by 2 9 in q3 of 2020 after it fell 15 in q1 because of.
Offtake is low as china and india the top two rubber consuming countries have scaled down consumption for 2019.
Share price live 0 00 india rubber ltd.
The grade was steady at 129 a kg by dealers.
The international rubber study group irsg is an inter governmental organisation composed of rubber producing and consuming stakeholders.
In order to facilitate the interaction between the industry and the group a panel of associates with members of organisations involved in the rubber industry has been established.
Spot rubber continued to remain neutral on wednesday.
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Spot rubber finished flat on friday.
Rss 4 closed unchanged at 133 a kg according to traders and the rubber board.
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Rss4 was quoted steady at rs.
Stock price today the economic times.
Based on the revised outlook the world consumption is anticipated to fall 1 1 per cent from 2018 at 13 699 million tonnes he said adding that as china accounts for 40 per cent of the global consumption of nr the us china trade war and slowing economic activities in the country.
The rubber industry is among the most profitable businesses that deal in natural resources across the globe.
133 50 per kg by traders and the rubber board.
Located in singapore irsg was established in 1944.