Physical rubber prices improved further on Tuesday despite weak closing on the commodity futures market. Sharp gains in the international market and local supply concerns kept prices firm.
Spot prices for RSS-4 variety improved to Rs 167/ kg compared to its previous closing of Rs 166/ kg, while RSS-5 variety closed at Rs 163/ kg compared to its previous closing of Rs 162/ kg.
In the futures market, contract of May delivery slipped to Rs 164.90 compared to its previous closing of Rs 167.30, while June delivery closed at Rs 165 compared to its previous close of Rs 167.44 on the National Multi Commodity Exchange (NMCE).
