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Physical Rubber prices witness improvement on Monday

07 Jul 2020 Evaluate

Physical Rubber prices showed improvement on Monday due to ongoing supply crunch in the market as rubber tapping has come to a halt in Kerala, the largest grower, due to rains in key growing areas of the state. Although, concerns over rising corona virus pandemic cases worldwide capped some gains. Spot prices for RSS-4 variety gained to 121/ kg compared to its previous closing of Rs 120/ kg; while the RSS-5 variety jumped to 117/ kg compared to its previous closing of Rs 116/ kg.

In the futures market, July delivery gained to Rs 123.50 compared to its previous closing of Rs 121.81, while August delivery was trading at Rs 127 compared to its previous close of Rs 125.06 on the Indian Commodity Exchange Limited (ICEX).

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