Physical Rubber prices remained unchanged on Monday due to expectations of lower production as heavy rains have been disrupting tapping activity in the country's top producing southern state of Kerala, while lower production could force the country to increase imports in the coming months and thereby will dampen demand for rubber domestically. Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 172/ kg and Rs 170/ kg respectively.
In the futures market, November delivery gained to Rs 174.90 compared to its previous closing of Rs 174.10 on the Indian Commodity Exchange Limited (ICEX).
