Physical rubber prices improved marginally on Tuesday following the news that the Kerala Government will procure rubber from the growers in order to stabilize the prices in the open market.
Spot prices for RSS-4 variety improved marginally to Rs 142.50/ kg compared to its previous closing of Rs 142/ kg, while RSS-5 variety closed at Rs 140.50/ kg compared to its previous close of Rs 140/ kg.
In the futures market, contract of February delivery firmed up to Rs 144.66 compared to its previous closing of Rs 142.48, while March delivery closed at Rs 146.92 compared to its previous close of Rs 144.70 on the National Multi Commodity Exchange (NMCE).
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