Physical Rubber prices showed some weakness on Thursday, tracked by decline in the domestic and global trendsetters. Though, expectation of a fall in global output due to a severe pest attack in major producing countries such as Thailand, Indonesia, and Malaysia, limited the downside. Spot prices for RSS-4 variety remained unchanged at Rs 130.50/ kg; while the RSS-5 variety declined to 127.50/ kg compared to its previous closing of Rs 128/ kg.
In the futures market, December delivery lost to Rs 131.68 compared to its previous closing of Rs 131.91, while January delivery was at Rs 133 compared to its previous close of Rs 132.85 on the Indian Commodity Exchange Limited (ICEX).