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Physical Rubber prices witness strength on Monday

07 Jun 2022 Evaluate

Physical Rubber prices witnessed strength on Monday tracking higher rubber prices globally. All India Rubber Industries Association (AIRIA) has stated that the rubber industry has a huge potential and the $2 billion markets of the non-tyre rubber sector aim to double their exports by 2025.

Spot prices for RSS-4 variety gained to Rs 176/ kg compared to its previous closing of Rs 175.50/ kg; while the RSS-5 variety rose to Rs 173/ kg compared to its previous closing of Rs 172.50/ kg.