Focus

Rubber market ends easier on external factor

14 Oct 2022 05:48pm
Image for illustrative purposes only - BERNAMA
Image for illustrative purposes only - BERNAMA
KUALA LUMPUR - The Malaysian rubber market remains in a bearish mode at the close on Friday as external factors takes a toll on the demand for natural rubber.

A dealer said external issues, namely the United States’ (US) interest rate and US export issues have dampened demand for rubber.

However, the weaker ringgit has supported rubber trading.

The Malaysian Rubber Board’s (MRB) price for Standard Malaysian Rubber 20 (SMR 20) was lower at 614.5 sen per kg, while latex-in-bulk also fell to 463.0 sen per kg.

At 5 pm, MRB’s closing price for SMR 20 stood at 614.5 sen a kg, while latex-in-bulk was at 461.0 sen a kg. - BERNAMA
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