The Malaysian rubber prices ended lower today as the market responded negatively to the sentiment brought about by the fall in Tokyo Commodity Exchange resulting from prevailing concerns in Cyprus, a dealer said.
The low production season and the possible extension of export reduction by major producing countries, including Malaysia, had not provided the necessary support to cushion the impact of the prolonged Eurozone crisis, the dealer added.
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 fell 5.5 sen to close at 857.5 sen per kg while latex-in-bulk eased 0.5 sen to end at 620.0 sen per kg.
The unofficial closing price for tyre-grade SMR 20 slipped eight sen to 856.5 sen per kg while latex-in-bulk declined three sen to 619.0 sen per kg.-
Source: Bernama
