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Physical Rubber prices remain unchanged on Tuesday

01 Jun 2022 Evaluate

Physical Rubber prices remained unchanged on Tuesday due to economic growth concerns following interest rate hikes by central banks globally. Meanwhile, reports that the global natural rubber market size was $22360 million in 2020 and it is expected to reach $26350 million by the end of 2027, with a CAGR of 2.4% during 2021-2027.

Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 174/ kg and Rs 171.50/ kg respectively.

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