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Physical Rubber prices witness weakness on Saturday

13 Sep 2021 Evaluate

Physical Rubber prices witnessed weakness on Saturday due to selling pressure from certain dealers and growers. Further, expectations of sharp improvement in production and arrivals too weighed on rubber prices. Spot prices for RSS-4 variety fell to 174/ kg compared to its previous closing of Rs 175/ kg; while the RSS-5 variety declined to 171.50/ kg compared to its previous closing of Rs 172/ kg.

In the futures market, October delivery fell to Rs 178.20 compared to its previous closing of Rs 178.77 on the Indian Commodity Exchange Limited (ICEX).

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