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Physical Rubber prices remain unchanged on Wednesday

22 Feb 2024 Evaluate
Physical Rubber prices remained flat on Wednesday as shrinking supplies and strong tyre demand outlook have kept rubber prices steady. The Ministry of Commerce and Industry said on Monday that the financial assistance for the Rubber sector under the ‘Sustainable & Inclusive Development of Natural Rubber Sector’ has been increased by 23% from Rs 576.41 crore to Rs 708.69 crore for the next two years to enhance natural rubber production and productivity as well as reduce import dependency in the years to come.

Spot prices for RSS-4 and RSS-5 variety closed unchanged at its previous closing of Rs 165/ kg and Rs 161/ kg respectively.

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