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Physical rubber prices ruled flat on Friday

25 Jan 2014 Evaluate

Physical rubber prices ruled flat on Friday due to supply concerns, as the tapping season is set to come to a halt by the end of the month. Further, sharp declines in international prices too influenced physical rubber prices.

Spot prices for RSS-4 and RSS-5 variety remain unchanged at Rs 151/ kg and Rs 145/ kg respectively.

In the futures market, contract of February delivery weakened to Rs 150.74 compared to its previous closing of Rs 153.32, while March delivery closed at Rs 152.85 compared to its previous closing of Rs 155.59 on the National Multi Commodity Exchange (NMCE).

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