Physical rubber prices continued to decline on Wednesday. However growers continued to hold stocks expecting to take advantage of the low production season.
Spot prices for RSS-4 variety lowered to Rs 162/ kg compared to its previous closing of Rs 162.50/ kg, while RSS-5 variety closed at Rs 159/ kg compared to its previous closing of Rs 159.50/ kg.
In the futures market, contract of March delivery concluded at Rs 160.10 compared to its previous closing of Rs 160.08, while April delivery closed at Rs 163.69 compared to its previous closing of Rs 163.37 on the National Multi Commodity Exchange (NMCE).
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