Physical Rubber prices witnessed improvement on Tuesday supported by strong domestic demand. Although, the association of natural rubber producing countries (ANRPC) is expecting a weak demand for rubber in India and the Asean region in the short term on slow rate of Covid vaccinations. Spot prices for RSS-4 variety rose to Rs 166.50/ kg compared to its previous closing of Rs 166/ kg; while the RSS-5 variety gained to Rs 163.50/ kg compared to its previous closing of Rs 163/ kg.
In the futures market, July delivery fell to Rs 172.10 compared to its previous closing of Rs 172.45 on the Indian Commodity Exchange Limited (ICEX).
