Physical Rubber prices witnessed weakness on Tuesday due to panic selling from certain growers and traders, while buyer resistance following worries of accelerated spread of Omicron corona-virus variant also adding pressure on rubber prices. The Association of Natural Rubber Producing Countries (ANRPC) has said natural rubber prices will expected to gain in the short-term in the global market on impending seasonal short-supply and surging demand from China.
Spot prices for RSS-4 variety fell to Rs 162/ kg compared to its previous closing of Rs 163/ kg; while the RSS-5 variety declined to Rs 159/ kg compared to its previous closing of Rs 160/ kg.
