Physical Rubber prices witnessed improvement on Thursday due to lower production expectations for natural rubber below target in FY22. Further, short supplies in the market also supporting rubber prices’ uptrend. Although, some major consuming industries stayed back possibly to avoid a sharp rise in prices.
Spot prices for RSS-4 variety gained to Rs 162.50/ kg compared to its previous closing of Rs 161.50/ kg; while the RSS-5 variety rose to Rs 159.50/ kg compared to its previous closing of Rs 158.50/ kg.
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