Monday April 26, 2010
Rubber prices reach new highs
By HANIM ADNAN
nem@thestar.com.my
Rise in global demand, tight supply among factors
PETALING JAYA: Rubber is one of the hottest commodities traded so far this year with price rallies seen in most international rubber exchanges.
Tyre-grade Standard Malaysian Rubber (SMR 20) has also been hitting new highs particularly in the past three months and currently trading above the RM10,600 per tonne level.
According to Association of Natural Rubber Producing Countries (ANRPC) director-general Prof Djoko Said Damardjati, tightness in rubber supply would remain an issue amid an upsurge in demand from China and India for their booming auto and tyre manufacturing industries.
"Severe drought, the current wintering season as well as active replanting activities in most major producing countries could affect rubber output.
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