Physical rubber prices improved on Monday on covering purchases tracking the moderate gains in futures. The commodity prices improved further after the Kerala Government decided to increase the support price by Rs 5 a kg to procure more produce from the growers.
Spot prices for RSS-4 variety improved to Rs 125/ kg compared to its previous closing of Rs 124/ kg, while RSS-5 variety closed at Rs 118/ kg compared to its previous close of Rs 117/ kg.
In the futures market, contract of November delivery increased to Rs 124.44 compared to its previous closing of Rs 122.91, while December delivery closed at Rs 123.50 compared to its previous close of Rs 121.90 on the National Multi Commodity Exchange (NMCE).
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