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Physical Rubber prices extend weakness on Tuesday

12 Jul 2023 Evaluate

Physical Rubber prices extended weakness on Tuesday on account of weak demand from industrial users. Meanwhile, 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 154.50/ kg compared to its previous closing of Rs 155.50/ kg; while the RSS-5 variety declined to Rs 151.50/ kg compared to its previous closing of Rs 152.50/ kg.


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