Physical Rubber prices extended gains on Wednesday due to pick-up in demand from certain tyre companies, while supply constraints due to rain also supported rubber prices. Moreover, Kerala’s decision to relax ongoing Covid-19 restrictions in the state also lifted rubber prices. Spot prices for RSS-4 variety rose to Rs 172.50/ kg compared to its previous closing of Rs 172/ kg; while the RSS-5 variety gained to Rs 170.50/ kg compared to its previous closing of Rs 170/ kg.
In the futures market, August delivery was trading flat at its previous closing of Rs 171.65 on the Indian Commodity Exchange Limited (ICEX).