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Physical Rubber prices witness strength on Saturday

18 Mar 2024 Evaluate
Physical Rubber prices witnessed strength on Saturday amid supply concerns and strong demand outlook globally. Meanwhile, the Kerala government has hiked the support price of rubber by Rs 10 a day after the centre announced an incentive of Rs 5 per kilo for rubber sheet exports. 

Spot prices for RSS-4 variety gained at Rs 182/ kg compared to its previous closing of Rs 180/ kg; while the RSS-5 variety rose at Rs 175/ kg compared to its previous closing of Rs 173/ kg.

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