ERJ staff report (DS)
Tokyo -- Prices of NR around the world
hit continued to surge yesterday, breaching all-time highs in the process. Low rainfall in Thailand contributed to the increase, as
managers predicted yields and output would fall due to the weather.
Demand from India and China have also been strong.
In Tokyo, contracts for May delivery closed at an all-time high of yen 350 ($3.70) per
kilo in the early trading session on Monday, though the benchmark six-month contract was closer to
yen 327 ($3.46) per kilo
In Singapore,prices were unchanged from Thursday,
with short-dated contracts for RSS3 touching $3.60 while longer-dated
contracts closed around $3.35. TSR 20 was less volatile, with all prices
closing around $3.27.
On India's NMCE, short dated rubber closed
at Rs 159.50 ($3.57) per kilo, though contracts for May 15 delivery
closed at Rs 163.37 ($3.66).
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Prices on Tocom (Tokyo)