Physical rubber prices recover on Tuesday

Physical rubber prices made some recovery on Tuesday on supply concerns, following intensified rains during the past couple of days and a partial recovery in rubber futures in the domestic markets.

Spot prices for RSS-4 variety closed at Rs 227.50/kg compared to its previous closing of Rs 226/kg; while the RSS-5 variety closed at Rs 225/kg compared to its previous closing of Rs 223.50/kg.

In the futures market contract of RSS 4 for June delivery closed at Rs 227.69 compared to its previous closing of Rs 225.17, while the contract for July delivery closed at Rs 231.80 compared to its previous closing of Rs 229.91 on the National Multi Commodity Exchange.