Physical Rubber prices witnessed improvement on Thursday due to fresh buying against acute shortage of the raw material. Meanwhile, the latest report from the Association of Natural Rubber Producing Countries said the demand for natural rubber from India, European Union, the United States, and Japan is expected to get a boost in the short-term in view of the pent-up momentum resulting from the further lifting of corona virus related restrictions, revival of transportation and other economic activities.
Spot prices for RSS-4 variety gained to Rs 183/ kg compared to its previous closing of Rs 182/ kg; while the RSS-5 variety firmed to Rs 181/ kg compared to its previous closing of Rs 180/ kg.
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