Physical Rubber prices extended weakness on Thursday on account of subdued demand and higher production levels in the domestic markets. The Rubber Board has set a target of 2 lakh hectares of rubber cultivation in the north-eastern states by 2025 to increase production.
Spot prices for RSS-4 variety declined to Rs 143/ kg compared to its previous closing of Rs 143.50/ kg; while the RSS-5 variety fell to Rs 139/ kg compared to its previous closing of Rs 139.50/ kg.