Physical rubber prices improved on Friday as the market reacted favorably to the Government’s procurement process that is still at the initial stage.
Spot prices for RSS-4 variety improved to Rs 148.50/ kg compared to its previous closing of Rs 146.50/ kg, while RSS-5 variety closed at Rs 145/ kg compared to its previous close of Rs 144/ kg.
In the futures market, contract of March delivery improved to Rs 147.55 compared to its previous closing of Rs 145.79, while April delivery closed at Rs 153.01 compared to its previous close of Rs 151.60 on the National Multi Commodity Exchange (NMCE).
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