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Physical Rubber prices witness weakness on Wednesday

09 Dec 2021 Evaluate

Physical Rubber prices witnessed weakness on Wednesday due to sluggish demand against expectations for a subsequent improvement in production and arrivals. Meanwhile, the global production of natural rubber is projected to register a CAGR of 4.3% during the forecast period from 2021 to 2026. Spot prices for RSS-4 variety fell to 184/ kg compared to its previous closing of Rs 185/ kg; while the RSS-5 variety declined to 181/ kg compared to its previous closing of Rs 182/ kg.

In the futures market, January delivery fell to Rs 187.60 compared to its previous closing of Rs 191.62 on the Indian Commodity Exchange Limited (ICEX).

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