Physical Rubber prices witnessed some improvement on Tuesday amid reports that India’s natural rubber production for FY2022 may fail to hit target of 800,000 tonnes. Meanwhile, India has been unanimously elected for the new Chairmanship of the International Rubber Study Group (IRSG). IRSG is the inter-governmental organisztion of natural rubber (NR) and synthetic rubber (SR) producing and consuming countries.
Spot prices for RSS-4 variety gained to Rs 162/ kg compared to its previous closing of Rs 161/ kg; while the RSS-5 variety rose to Rs 160/ kg compared to its previous closing of Rs 159/ kg.
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