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Physical Rubber prices witnessed some improvement on Tuesday

01 Jun 2016 Evaluate

Physical Rubber prices showed some improvement on Tuesday. Meanwhile, in the wake of the prevailing low price of rubber, the Rubber Board has advised growers to adopt weekly tapping, whereby cost of production can be reduced substantially. In rubber holdings, a major share of expenditure is for tapping, and there is a shortage for tappers also.

Spot prices for RSS-4 variety jumped to 128.50/ kg compared to its previous closing of Rs 128/ kg; while the RSS-5 variety improved to 125/ kg compared to its previous closing of Rs 124/ kg.

In the futures market, contract of June delivery weakened to Rs 128.64 compared to its previous closing of Rs 129.36, while July delivery closed at Rs 130.11 compared to its previous close of Rs 130.68 on the National Multi Commodity Exchange (NMCE).

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