Physical Rubber prices witnessed improvement on Monday due to strong demand at the domestic spot market, while holding back of stocks by big dealers in expectation of higher prices triggered a scarcity in the market. In a move to fetch better prices for rubber growers, ‘mRube’, an electronic trading platform for natural rubber introduced by Rubber Board is all set to go live by the middle of May. Rubber markets remained closed on Tuesday on account of Eid-Ul-Fitr.
Spot prices for RSS-4 variety gained to Rs 169.50/ kg compared to its previous closing of Rs 168.50/ kg; while the RSS-5 variety rose to Rs 166/ kg compared to its previous closing of Rs 165/ kg.
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