Commodities@Moneycontrol: All commodities trade lower; rubber dips on inventory build-up

Decline in the agriculture commodities space continued with all major commodities such as pulses, edible oil, guar or mentha, among others trading in the negative.

Rubber futures prices have also seen declines to nearly 2-month lows. Indian spot rubber was at Rs 123-124 per kg, and cues from global markets are also not motivating.

Tokyo rubber prices, which is closely watched by the local markets, was trading at one-month low as also others such as Shanghai were on the downtrend. One of the key reasons for the price drop was cited as an inventory rise to nearly 4 lakh tonne as of today.