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Physical Rubber prices witness firmness on Friday

23 Nov 2019 Evaluate

Physical Rubber prices showed firmness on Friday, supported by rising demand from domestic stockists against lower arrivals in the market. Rubber prices improved further by tracking anticipated rise in global prices as output is expected to fall due to a severe pest attack in major producing countries such as Thailand, Indonesia, and Malaysia.

Spot prices for RSS-4 variety gained to 130/ kg compared to its previous closing of Rs 129.50/ kg; while the RSS-5 variety jumped to 127.50/ kg compared to its previous closing of Rs 127/ kg.

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