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Physical Rubber prices witness strength on Friday

22 Jun 2024 Evaluate
Physical Rubber prices witnessed strength on Friday amidst firm demand and supply worries in the market. Reports showing that the future of natural rubber in India looks promising with a projected production and consumption at 8,75,000 tons and 14,25,000 tons, respectively for FY-25.

Spot prices for RSS-4 variety gained at Rs 204/ kg compared to its previous closing of Rs 203/ kg; while the RSS-5 variety rose at Rs 200/ kg compared to its previous closing of Rs 199/ kg.