Physical Rubber prices extended weakness on Monday following extremely dull volumes in the market, and some major consuming industries stayed back possibly to avoid a sharp rise in prices. Meanwhile, Kerala has proposed changes to the draft Rubber (Promotion and Development) Bill, 2022 in order to provide better protection for farmers, especially small and marginal growers.
Spot prices for RSS-4 variety fell to Rs 164/ kg compared to its previous closing of Rs 164.50/ kg; while the RSS-5 variety declined to Rs 162/ kg compared to its previous closing of Rs 162.50/ kg.
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