Physical rubber prices improved on Tuesday on the expectations of a firm trend as the Kerala Government has decided to procure rubber up to Rs 171 a kg for RSS 4 to support growers, though the gains were capped in the absence of fresh enquiries from the industrial sector.
Spot prices for RSS-4 variety improved to Rs 146.50/ kg compared to its previous closing of Rs 146/ kg, while RSS-5 variety closed at Rs 144.50/ kg compared to its previous close of Rs 144/ kg.
In the futures market, contract of February delivery improved to Rs 147.80 compared to its previous closing of Rs 147.24, while March delivery closed at Rs 150.90 compared to its previous close of Rs 149.98 on the National Multi Commodity Exchange (NMCE).
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