Physical Rubber prices witnessed strength on Tuesday due to firm demand and supply worries in the domestic 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 205.50/ kg compared to its previous closing of Rs 205/ kg; while the RSS-5 variety rose at Rs 202.50/ kg compared to its previous closing of Rs 202/ kg.