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Physical Rubber prices displayed mixed trend on Friday

29 Oct 2016 Evaluate

Physical rubber prices showed a mixed trend on Friday as rubber production and the production of natural rubber in September showed an increase of 20 percent compared to the same period last year. Spot prices for RSS-4 variety remained unchanged at Rs 116/ kg; while the RSS-5 variety increased to Rs 110.50/ kg compared to its previous closing of Rs 110/ kg.

In the futures market, contract of November delivery weakened to Rs 118.51 compared to its previous closing of Rs 118.82, while December delivery closed at Rs 121.77 compared to its previous close of Rs 122.02 on the National Multi Commodity Exchange (NMCE).

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