KUALA LUMPUR (Apr 3): Malaysian rubber prices closed lower today following a statement by the Thai Agriculture Minister Yukol Limlaemthong that the Thai Government is planning to sell its 200,000 tonnes of rubber stockpile, a dealer said.
He said the downtrend was also in sync with the Tokyo Commodity Exchange (TOCOM).
At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR20 declined 15.5 sen to 601 sen a kg while latex-in-bulk eased 2.5 sen to 495.5 sen a kg.
The unofficial closing price for tyre-grade SMR20 was down by 10 sen to 598.5 sen a kg and latex-in-bulk was two sen lower at 495 sen a kg.
