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Physical Rubber prices witness strength on Friday

02 Sep 2023 Evaluate

Physical Rubber prices witnessed strength on Friday amidst strong demand from industrial users. Although, the All-India Rubber Industry Association (AIRIA) said natural rubber production is expected to increase 5% in 2023-24, from 8 lakhs metric ton in the previous fiscal. 

Spot prices for RSS-4 variety rose to Rs 147/ kg compared to its previous closing of Rs 146.50/ kg; while the RSS-5 variety gained to Rs 143.50/ kg compared to its previous closing of Rs 143/ kg.