Physical Rubber prices witnessed strength on Monday 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 to boost rubber exports.
Spot prices for RSS-4 variety gained at Rs 186/ kg compared to its previous closing of Rs 182/ kg; while the RSS-5 variety rose at Rs 180/ kg compared to its previous closing of Rs 175/ kg.