Physical Rubber prices witnessed strength on Thursday due to good demand from domestic buyers. Meanwhile, data showed 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 variety gained to Rs 174.50/ kg compared to its previous closing of Rs 174/ kg; while the RSS-5 variety rose to Rs 172/ kg compared to its previous closing of Rs 171.50/ kg.
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