COMMODITY
Physical Rubber prices witness some strength on Friday
Sep-30-2023
Physical Rubber prices witnessed some strength on Friday amid firm demand from industrial users at physical market. Heavy rain in Kerala also supported rubber prices’ uptrend. Meanwhile, reports showed that the domestic consumption of natural rubber has reached a record high in 2022-23 at 1,350,000 tons, up 9% from the quantity of 1,238,000 tons consumed during 2021-22, while production for 2022-23 was 839,000 tons, an 8.3% increase from the previous year. 

Spot prices for RSS-4 variety unchanged its previous closing of Rs 146/ kg; while the RSS-5 variety gained to Rs 142.50/ kg compared to its previous closing of Rs 142/ kg.

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