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Natural rubber (NR) futures experienced significant week-on-week declines on major Far East commodity trading exchanges, reacting to news of a potential delay in the implementation of the European Deforestation Regulation (EUDR), according to a report from ERJ.
During the trading week ending October 11, all major exchanges in the Far East saw sharp declines in NR futures prices. The anticipated 12-month delay in the regulation led to increased “long liquidations and speculative selling,” contributing to the downward trend in the market.
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