Physical rubber prices declined on Tuesday, tracking overall declines in global trendsetters. However, better closing in domestic futures capped the losses in rubber prices to some extent.
Spot prices for RSS-4 variety declined to Rs 145/ kg compared to its previous closing of Rs 146/ kg, while RSS-5 variety closed at Rs 141/ kg compared to its previous close of Rs 142/ kg.
In the futures market, contract of February delivery improved to Rs 144.20 compared to its previous closing of Rs 142.47, while March delivery closed at Rs 146.20 compared to its previous close of Rs 144.60 on the National Multi Commodity Exchange (NMCE).
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