Physical rubber prices declined on Wednesday tracking sharp decline in the global and domestic futures. The commodity prices were also under pressure as the climatic conditions improved favouring tapping and production and more supplies are expected from major rubber-growing areas.
Spot prices for RSS-4 variety closed at Rs 209.50/kg compared to its previous closing of Rs 210/kg, while the contract for RSS-5 variety closed unchanged at Rs 207/kg.
In futures market, the contract of RSS-4 for October delivery weakened to Rs 210.10 compared to its previous closing of Rs 212.78, while the contract of November delivery closed at Rs 207.00 compared to its previous closing Rs 209.83 on the National Multi Commodity Exchange.
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