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Physical Rubber prices witness strength on Wednesday

27 Jul 2023 Evaluate
Physical Rubber prices witnessed strength on Wednesday, underpinned by firm demand from consuming industries in the physical market. However, reports on rise in natural rubber production and China’s lacklustre economic growth capped some gains. Data showed that India’s natural rubber production registered a growth of 8.3% during the previous fiscal.

Spot prices for RSS-4 variety gained to Rs 154/ kg compared to its previous closing of Rs 153/ kg; while the RSS-5 variety rose to Rs 151/ kg compared to its previous closing of Rs 150/ kg.

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