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.