Physical rubber prices improved on Monday following the Kerala Government’s decision to procure rubber from growers at Rs 2 a kg above the market price to be fixed by the Rubber Board against Rs 1 a kg announced earlier.
Spot prices for RSS-4 variety improved to Rs 146/ kg compared to its previous closing of Rs 144.50/ kg, while RSS-5 variety closed at Rs 144/ kg compared to its previous close of Rs 142/ kg.
In the futures market, contract of February delivery improved to Rs 147.10 compared to its previous closing of Rs 146.91, while March delivery closed at Rs 149.83 compared to its previous close of Rs 149.50 on the National Multi Commodity Exchange (NMCE).
