Physical rubber prices continued to decline on Monday on absence of buyers in the local market even at the lower levels, as they expected an improvement in the arrivals amidst the peak production season.
Spot prices for RSS-4 variety continued to decline to Rs 164/ kg compared to its previous closing of Rs 165/ kg, while RSS-5 variety closed at Rs 159/ kg compared to its previous closing of Rs 162/ kg.
In the futures market, contract of December delivery declined to Rs 165.99 compared to its previous closing of Rs 167.91, while January delivery closed at Rs 168.01 compared to its previous closing of Rs 169.13 on the National Multi Commodity Exchange (NMCE).
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