Physical Rubber prices extended gains on Monday with acute shortage of the raw material. Globally, the 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 186/ kg compared to its previous closing of Rs 185/ kg; while the RSS-5 variety firmed to Rs 184/ kg compared to its previous closing of Rs 183/ kg.
In the futures market, December delivery gained to Rs 179.80 compared to its previous closing of Rs 177.90 on the Indian Commodity Exchange Limited (ICEX).