Physical Rubber prices witnessed weakness on Friday, tracking economic growth concerns globally. Although, 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 fell to 174.50/ kg compared to its previous closing of Rs 175/ kg; while the RSS-5 variety declined to 173/ kg compared to its previous closing of Rs 173.50/ kg.