Physical rubber prices declined sharply on Wednesday. Moderate losses in the domestic and the international futures and the absence of quantity buyers kept the local market under pressure during the day.
Spot prices for RSS-4 variety declined to Rs 160.50/ kg compared to its previous closing of Rs 162.50/ kg, while RSS-5 variety closed at Rs 156/ kg compared to its previous close of Rs 157/kg.
In the futures market, contract of February delivery declined to Rs 161.50 compared to its previous close of Rs 164, while March delivery closed at Rs 163.70 compared to its previous closing of Rs 166.41 on the National Multi Commodity Exchange (NMCE).
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