Physical Rubber prices witnessed weakness on Monday, tracking weak demand from industrial users. Data showing that natural rubber production registered a growth of 8.3% and its consumption increased 9% in the 2022-23 fiscal compared with the previous fiscal.
Spot prices for RSS-4 variety fell to Rs 155.50/ kg compared to its previous closing of Rs 156.50/ kg; while the RSS-5 variety declined to Rs 152.50/ kg compared to its previous closing of Rs 153.50/ kg.