Physical Rubber prices witnessed weakness on Thursday due to expectations for a subsequent improvement in production and arrivals. Further, weaker demand outlook for the rubber due to potential resurgence of Covid-19 during the winter also pressurising rubber prices. Spot prices for RSS-4 variety fell to 189/ kg compared to its previous closing of Rs 190/ kg; while the RSS-5 variety declined to 186/ kg compared to its previous closing of Rs 188/ kg.
In the futures market, December delivery fell to Rs 188.20 compared to its previous closing of Rs 189.20 on the Indian Commodity Exchange Limited (ICEX).
