Physical Rubber prices witnessed some weakness on Tuesday due to low industrial demand following looming economic slowdown fears globally. Meanwhile, India’s natural rubber production for 2022-23 is provisionally estimated to grow by 8.3% to reach 8,39,000 tonnes from 7,75,000 tonnes recorded in the previous year.
Spot prices for RSS-4 variety unchanged at its previous closing of Rs 158.50/ kg; while the RSS-5 variety fell to Rs 156/ kg compared to its previous closing of Rs 156.50/ kg.