Physical rubber prices improved further on Friday. The market seemed to be moving with the hope that the steps taken by the government to increase the import duty would help the commodity to recover from the current declines.
Spot prices for RSS- 4 variety improved to Rs. 162.50/ kg compared to its previous closing of Rs. 162/ kg, while RSS- 5 variety closed at Rs. 160/ kg compared to its previous closing of Rs. 159/ kg.
In the futures market, contract of March delivery closed at Rs. 161.90 compared to its previous closing of Rs. 161, while April delivery closed at Rs 163.68 compared to its previous closing of Rs. 163.97 on the National Multi Commodity Exchange (NMCE).
