Physical rubber prices gained on Wednesday as the market improved as most of the growers and dealers were waiting for the prices to recover up to their expectations, though there was no visible improvement in the demand for the raw material.
Spot prices for RSS-4 variety improved to Rs 147.00/ kg compared to its previous closing of Rs 146.50/ kg, while RSS-5 variety closed at Rs 145.00/ kg compared to its previous close of Rs 144.50/ kg.
In the futures market, contract of February delivery improved to Rs 148.00 compared to its previous closing of Rs 147.92, while March delivery closed at Rs 151.00 compared to its previous close of Rs 150.92 on the National Multi Commodity Exchange (NMCE).
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