NR prices continue to surge to all-time highs

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)

Prices on Sicome

(Singapore)

Prices

on NMCE(India)