Physical rubber prices declined further on Monday. The local prices continued to post moderate losses tracking the overall weakness in NR futures on the commodity futures market.
Spot prices for RSS-4 variety declined to Rs 156/ kg compared to its previous closing of Rs 157/ kg, while RSS-5 variety closed at Rs 152/ kg compared to its previous closing of Rs 152.50/ kg.
In the futures market, contract of February delivery declined to Rs 155.15 compared to its previous closing of Rs 156, while March delivery closed at Rs 157.20 compared to its previous closing of Rs 158.33 on the National Multi Commodity Exchange (NMCE).
