Physical Rubber prices witnessed strength on Saturday amid supply concerns and strong demand outlook globally. Meanwhile, the Kerala government has hiked the support price of rubber by Rs 10 a day after the centre announced an incentive of Rs 5 per kilo for rubber sheet exports.
Spot prices for RSS-4 variety gained at Rs 182/ kg compared to its previous closing of Rs 180/ kg; while the RSS-5 variety rose at Rs 175/ kg compared to its previous closing of Rs 173/ kg.