Physical Rubber prices witness some strength on Tuesday

20 Sep 2023 Evaluate

Physical Rubber prices witnessed some strength on Tuesday amidst strong demand from industrial users at physical market. Meanwhile, India’s natural rubber production is expected to be 5 percent lower this fiscal in view of deficient rainfall in Kerala, said Ramesh Kejriwal, President, All-India Rubber Industries Association.

Spot prices for RSS-4 variety unchanged its previous closing of Rs 146/ kg; while the RSS-5 variety gained to Rs 142.50/ kg compared to its previous closing of Rs 142/ kg.

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