Physical rubber prices decline further on Wednesday

Physical rubber prices continued declining and lost further ground on Wednesday, though the domestic futures bounced back but there were no quantity buyers in the spot market even at the prevailing levels.

Spot prices for RSS-4 variety closed at Rs 191/kg compared to its previous closing of Rs 192/kg; while the RSS-5 variety remained unchanged at Rs 189/kg.

In the futures market, the contract of RSS 4 for June delivery improved to Rs 191.30 compared to its previous closing of Rs 188.11, while the contract for July delivery closed at Rs 193.40 compared to its previous closing of Rs 190 on the National Multi Commodity Exchange.