Rubber prices close higher
Malaysian rubber prices closed higher today on positive market developments following a report that China trade data showed signs of stability in the world's second-biggest economy, dealers said.
In addition, they said the Thai Government announced that it had reached a deal with most rubber farmers in the southern part of the kingdom demanding greater state support for rubber prices, signalling a breakthrough in a two-week long protest.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR 20 jumped 6.5 sen to close at 817.5 sen per kg while latex-in-bulk gained four sen to 566 sen per kg.
The unofficial closing price for tyre-grade SMR 20 increased six sen to 819 sen per kg while latex-in-bulk rose 5.5 sen to 569 sen per kg.-- Bernama