By K. Naveen Prabu
KUALA LUMPUR, June 26 (Bernama) -- The Malaysian rubber market ended mixed today amid an uptrend in the regional rubber futures markets, a dealer said.
The dealer said Japanese rubber futures rose for the second consecutive session today, supported by gains in the Nikkei index.
She said the positive sentiment was also supported by the upbeat projection from the Association of Natural Rubber Producing Countries (ANRPC) regarding natural rubber (NR) production.
“ANRPC member countries indicate that global NR production is expected to increase modestly by 0.5 per cent in 2025 compared to 2024.
“Concurrently, demand for NR is projected to grow at a modest rate of 1.3 per cent in 2025,” she told Bernama.
Nevertheless, she said further gains were capped by a weaker global economic outlook owing to US interest rate uncertainties amid the ongoing Middle East conflict.
“Most Asian stocks ticked lower on Thursday as investors monitored the Israel-Iran ceasefire and approached the looming US tariff deadline,” the dealer said.
At 3 pm, the Malaysian Rubber Board (MRB) reported that the price of Standard Malaysian Rubber 20 (SMR 20) rose by 10.0 sen to 702.00 sen per kilogramme (kg), while latex in bulk was down slightly by 1.0 sen to 585.50 sen per kg.
Bursa Malaysia and its subsidiaries will be closed tomorrow, June 27, in conjunction with Awal Muharram public holiday, and will resume operations on Monday, June 30, 2025.
-- BERNAMA
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