Physical Rubber prices witnessed some improvement on Tuesday due to lower production expectations for natural rubber below target in FY22. While, Commerce Ministry has proposed repealing decades-old laws pertaining to rubber and introducing new legislation in order to promote the growth of sector and create a business-friendly environment.
Spot prices for RSS-4 variety unchanged at its previous closing of Rs 166/ kg; while the RSS-5 variety gained to Rs 163.50/ kg compared to its previous closing of Rs 163/ kg.
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