By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, July 29 (Bernama) -- The Malaysian rubber market ended mixed today, influenced by the downward trend in regional rubber futures markets, a dealer said.
He noted that the market sentiment was also dented as traders turned cautious ahead of the approaching United States (US) tariff deadline, and amid ongoing geopolitical tensions in the Middle East.
“Nevertheless, further losses were capped by steady benchmark crude oil prices and traders' concern over natural rubber shortage due to rainfall in major producing countries,” he told Bernama.
He added that Thailand, a major rubber producer, is expected to experience heavy rain and accumulation on July 29, 2025, according to its meteorological agency.
At 5.12 pm, Brent crude oil gained by 0.64 per cent to US$70.51 per barrel.
At 3 pm, the Malaysian Rubber Board (MRB) reported that the price of Standard Malaysian Rubber 20 (SMR 20) decreased by 0.5 sen to 734.00 sen per kilogramme (kg), while latex in bulk rose by one sen to 577.50 sen per kg.
-- BERNAMA
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