Physical Rubber prices witnessed weakness on Monday due to buyer resistance in line with worries of accelerated spread of Omicron corona-virus variant worldwide. With 1,68,063 new Covid-19 cases in India, active count crosses 8 lakh, while as per the Union Ministry of Health, the Omicron tally in the country has reached at 4,461. Although, unexpected drop in arrivals in the market capped further fall in rubber prices.
Spot prices for RSS-4 variety fell to Rs 160.50/ kg compared to its previous closing of Rs 161/ kg; while the RSS-5 variety declined to Rs 156/ kg compared to its previous closing of Rs 157/ kg.
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