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Physical rubber prices show some improvement on Saturday

19 Mar 2012 Evaluate

Physical rubber prices showed some improvement on Saturday with major grades closing higher. There was some enthusiasm in the markets with Finance Minister according high priority to the infrastructure sector, the MSME-oriented rubber sector is likely to get a boost with it. Though, the gains remain restricted, neutralized by across the board increase in excise duty.

Spot prices for RSS-4 variety closed at Rs 194/kg compared to its previous closing of Rs 193/kg; while the RSS-5 variety closed at Rs 191/kg compared to its previous closing of Rs 190.50/kg.

In the futures market, the contract of RSS-4 for April delivery closed at Rs 198.70 compared to its previous closing of Rs 198.47, while the contract for May delivery closed at Rs 203 compared to its previous closing of Rs 203.22 on the National Multi Commodity Exchange.

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