Physical Rubber prices extended gains on Saturday following acute shortage of the raw material. Meanwhile, the global production of natural rubber is projected to register a CAGR of 4.3% during the forecast period of 2021 to 2026. Spot prices for RSS-4 variety gained to Rs 185/ kg compared to its previous closing of Rs 184/ kg; while the RSS-5 variety firmed to Rs 183/ kg compared to its previous closing of Rs 182/ kg.
In the futures market, December delivery traded flat at its previous closing of Rs 177.90 on the Indian Commodity Exchange Limited (ICEX).