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Physical Rubber prices witness some improvement on Monday

22 Feb 2022 Evaluate

Physical Rubber prices witnessed some improvement on Monday due to lower production expectations for natural rubber below target in FY22. Executive director of Rubber Board KN Raghavan said ‘we had targeted a production of 8 lakh tonne this year. It may fall slightly short. But it will be higher than the previous year’. In 2020-21, rubber production stood at 7.15 lakh tonne, a notch higher than the previous year.

Spot prices for RSS-4 variety gained to Rs 161/ kg compared to its previous closing of Rs 160/ kg; while the RSS-5 variety rose to Rs 159/ kg compared to its previous closing of Rs 158/ kg.

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