IRCO reports NR prices firm on shortages

ERJ staff report (DS)

Kuala Lumpur -- IRCo, the International Rubber Consortium Limited, in its regular report on the NR market published on 14 December, said NR prices are high at present, "due mainly to persistent supply tightness in major producing countries, i.e. Thailand, Indonesia and Malaysia caused by persistent rains in some rubber planted areas and lower rubber stocks than usual in these countries while demand from tyre and non-tyre manufacturers remained steady."

IRCo's DCP rose consecutively during the week and ended at 450.84 US cents/kg on Friday. Rubber futures and physical markets also closed the week higher than an earlier week.

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Press release from IRCo