Physical Rubber prices witnessed some strength on Wednesday due to strong demand at domestic spot market. Meanwhile, data showed the global natural rubber market size was $22360 million in 2020 and it is expected to reach $26350 million by the end of 2027, with a CAGR of 2.4% during 2021-2027.
Spot prices for RSS-4 variety unchanged at its previous closing of Rs 175/ kg; while the RSS-5 variety rose to Rs 173.50/ kg compared to its previous closing of Rs 173/ kg.