Physical Rubber prices remain unchanged on Wednesday on account of lack of follow-up buying in the market, tracking the weakness in domestic futures and global trendsetters. Meanwhile, global rubber output is projected to be lower due to a severe pest attack in major producing countries such as Thailand, Indonesia and Malaysia, supported rubber prices. Spot prices for RSS-4 and RSS-5 variety closed unchanged at Rs 132.50/ kg and Rs 129/ kg respectively.
In the futures market, January delivery declined to Rs 132.52 compared to its previous closing of Rs 133.91, while February delivery was at Rs 134.50 compared to its previous close of Rs 135.90 on the Indian Commodity Exchange Limited (ICEX).
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