Physical rubber prices declined on Wednesday due to declines in global rubber prices. Besides, lack of local support too added pressure on rubber prices.
Spot prices for RSS-4 variety weakened to Rs 120/ kg compared to its previous closing of Rs 122/ kg, while RSS-5 variety closed at Rs 109/ kg compared to its previous close of Rs 111/ kg.
In the futures market, contract of January delivery weakened to Rs 117.92 compared to its previous closing of Rs 121.30, while February delivery closed at Rs 119.51 compared to its previous close of Rs 122.25 on the National Multi Commodity Exchange (NMCE).
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