India: Spot rubber declines sharply

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Spot rubber declined sharply on Wednesday. RSS 4 weakened to ₹150 (₹154) a kg according to traders. The grade dropped to ₹151 (₹154) and ₹148 (₹151) respectively according to the Rubber Board .

Spot rubber rates (₹/kg) were: RSS-4: 150 (154); RSS-5: 140 (143); Ungraded: 125 (129); ISNR 20: 132 (134) and Latex (60% drc): 97 (98).