Physical rubber prices remained unchanged on Monday as growers and dealers were unwilling to sell their produce following the news that the Kerala Government will procure rubber from the open market to support the prices.
Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 142/ kg and Rs140/ kg respectively.
In the futures market, contract of February delivery slid to Rs 142.45 compared to its previous closing of Rs 142.99, while March delivery closed at Rs 144.88 compared to its previous closing of Rs 145.10 on the National Multi Commodity Exchange (NMCE).