Physical Rubber prices witnessed strength on Wednesday 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 205/ kg compared to its previous closing of Rs 204/ kg; while the RSS-5 variety rose at Rs 201/ kg compared to its previous closing of Rs 200/ kg.