LONDON (Jan. 26) — Prices of natural rubber remain at historical highs in markets around the world and continue to rise.
In Malaysia the price is approaching 7 Malaysian ringgits per kilogram, and according to Aliasak Ambia, vice-president of Malaysia´s National Association of Smallholders, prices could rise to RM10/kg within three years.
In Tokyo the benchmark 6-month futures prices closed at 244.6 yen/kilo on Jan. 26, continuing the week´s upward trend.
In India´s spot markets, sheet rubber grades topped 77 rupees/kg — another all-time high — and traders suggested the spot price might reach 80 rupees/kg in the next few days as sellers hold on to stocks. Futures contracts continued to trade well above that level, they said.
In Singapore, RSS3 was trading at 1.99 U.S. dollars per kg with futures showing prices up to $2.045 cents for the 12-month contract, with all deliveries from April 2006 onwards trading above $2/kg. RSS1 was at 325.3 Sing cents/kg — fractionally over $2 U.S. — with the 12-month price at 334 cents.