Price of rubber in market

Price of rubber in market

Natural rubber and market

Various products of rubber sector in the world market have been facing price growth, which includes all groups related to rubber. RSS and SMRs in the Malaysian market and STRs in the Thai market have also seen price increases. ISNR 10 and ISNR 20 have also been on the rise in the Indian market. Latex has also had a share of price increases in the global market. The biggest price increase was related to ISNR 10. The commodity traded at $ 225 per tonne in India today at $ 3,875 per tonne, up about 5.81%. The chart below shows the price changes of ISNR 10 in the global market over the past month. The lowest price growth is related to STRs, which were sold today with an increase of 4.82%. The chart below shows the one-month changes related to STR 20. Malaysian Minister of Industry and Commodities Mah Seo Keung said on Tuesday that officials from the International Tripartite Rubber Council of Malaysia, Thailand and Indonesia would meet in Bangkok, the capital of Thailand, on September 15 (September 24) to stabilize the market. they do. According to the Malaysia Digest website, he said that the price of rubber in Malaysia fell from 957 ringgit (about $ 227) per kilogram to 626 ringgit per kilogram (about $ 156) from January to July this year. 


The Minister of Industries and Agricultural Goods of Malaysia stated that the fluctuations of the rubber market are due to the decrease in demand for this commodity, especially from China as the most consumed country, and therefore the supply of this commodity needs to be controlled. An agreement on how to increase demand and consumption of rubber is on the agenda,” he said, adding that the export plan would be discussed at the meeting.

An agreement on how to increase demand and consumption of rubber is on the agenda,” he said, adding that the export plan would be discussed at the meeting.

The Malaysian Rubber Council and the Public Works Organization have conducted joint studies over the past two years with the aim of using rubber to build a type of asphalt for use in road construction and paving. Malaysia is particularly sensitive to market fluctuations due to the activities of about 450,000 shareholders and active in the rubber sector of this country. Malaysia, Thailand and Indonesia currently produce about 60 percent of the world’s rubber, which is more than 12.7 million tons.

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