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Physical Rubber prices witness weakness on Tuesday

13 Jan 2021 Evaluate

Physical Rubber prices showed weakness on Tuesday as tepid demand from bulk buyers following rising cases of Covid-19 kept the commodity prices under pressure. Further, rising arrivals amid the ongoing peak tapping season also weighed on rubber prices.

Spot prices for RSS-4 variety fell to 150/ kg compared to its previous closing of Rs 151/ kg; while the RSS-5 variety declined to 140/ kg compared to its previous closing of Rs 141/ kg. In the futures market, February delivery gained marginally to Rs 154.80 compared to its previous closing of Rs 154.73 on the Indian Commodity Exchange Limited (ICEX).