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Physical Rubber prices witness some weakness on Wednesday

01 Jun 2023 Evaluate

Physical Rubber prices witnessed some weakness on Wednesday due to low industrial demand following looming economic slowdown fears globally. Meanwhile, data showed India’s natural rubber consumption increased to a record high of 13.5 lakh tons, despite imports declining by 3.2% in the 2022-23 financial year.

Spot prices for RSS-4 variety declined to Rs 158/ kg compared to its previous closing of Rs 158.50/ kg; while the RSS-5 variety fell to Rs 155.50/ kg compared to its previous closing of Rs 156/ kg.

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