NR prices push through $5.50

ERJ staff report (DS)

London -- Prices of natural rubber around the world are still on the rise, with further advances predicted on poor weather in South-East Asia

In Tokyo, Tocom's benchmark six-month price continued to rise, to a high of Yen 456.8 ($5.54 per kilo) during afternoon trading on 14 January.

In Singapore short-dated RSS3 saw highs around $5.50/kg on Friday, up by about 8 cents from yesterday, while short-dated TSR20 reached $5.37/kg before closing around $5.27

Indian prices on the NMCE (National Multi-Commodity Exchange) just touched a high of Rs 240.5 ($5.31)/kg for April delivery.

Shanghai prices, usually the world's highest, reached Yuan 38.57 ($5.85) per kilo.

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