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Physical Rubber prices witness strength on Friday

16 Mar 2024 Evaluate
Physical Rubber prices witnessed strength on Friday amid a strong demand outlook globally. In an effort to stimulate exports, Rubber Board has announced an incentive of Rs 5 per kg for sheet rubber shipments. Further, supply concerns also supported rubber prices uptrend.

Spot prices for RSS-4 variety gained at Rs 180/ kg compared to its previous closing of Rs 178/ kg; while the RSS-5 variety rose at Rs 173/ kg compared to its previous closing of Rs 172/ kg.

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