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.