MoneyWorks4Me

Physical Rubber prices witness some strength on Thursday

28 Jun 2024 Evaluate
Physical Rubber prices witnessed some strength on Thursday due to firm demand with reports 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. Meanwhile supply worries also aided prices.

Spot prices for RSS-4 variety unchanged at its previous closing of Rs 205/ kg; while the RSS-5 variety rose at Rs 202/ kg compared to its previous closing of Rs 201/ kg.