Physical Rubber prices witness some improvement on Tuesday

Physical Rubber prices witnessed improvement on Tuesday due to expectations of lower production for natural rubber below target in FY22. Short supplies in the market also supporting rubber prices’ uptrend. Meanwhile, some major consuming industries stayed back possibly to avoid a sharp rise in prices.

Spot prices for RSS-4 variety unchanged at its previous closing of Rs 161.50/ kg; while the RSS-5 variety rose to Rs 158.50/ kg compared to its previous closing of Rs 158/ kg.