Physical Rubber prices showed some improvement on Thursday, tracking strong cues from global markets, even though the Rubber Board reported that Natural rubber production in 2016-17 (April-March) is seen rising 16 percent on year to 654,000 tons.
Spot prices for RSS-4 variety jumped to 142/ kg compared to its previous closing of Rs 141/ kg; while the RSS-5 variety climbed to 139/ kg compared to its previous closing of Rs 138.50/ kg.
In the futures market, contract of August delivery firmed up to Rs 142.68 compared to its previous closing of Rs 139.53, while September delivery closed at Rs 137.19 compared to its previous close of Rs 133.46 on the National Multi Commodity Exchange (NMCE).
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