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Saturday, October 23, 2021

Malaysia: Rubber prices close slightly higher

The Malaysian rubber market closed slightly higher today despite the easier Tokyo rubber futures exchange, dealers said.

They said Tokyo rubber futures opened lower on profit-taking activities and the yen’s strength against the greenback.

“Trade participants are now keeping their eyes on a protest by farmers in Thailand which is forcing the government to restart a stockpile scheme to buy rubber at above-market prices,” they added.

At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 was 1.5 sen higher at 808 sen a kg and latex-in-bulk added 4.5 sen to 549 sen a kg.

The unofficial closing price for tyre-grade SMR 20 fell four sen to 804 sen a kg while latex-in-bulk rose 2.5 sen to 549.5 sen a kg.– Bernama

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