Rubber Gains as Thai Exporters Raise Offers on Output Drop

Rubber Gains as Thai Exporters Raise Offers on Output Drop
Tokyo-- Rubber advanced as shippers in Thailand, the world’s largest producer and exporter, increased prices to foreign buyers after rain and flooding curbed production.

Futures in Tokyo may extend gains after increasing by the most in a week yesterday as Thai exporters boosted prices of so- called RSS-3 grade rubber for January shipment to $2.70 a kilogram today from $2.64 as of Nov. 27, said Takaki Shigemoto, an analyst at research and investment company JSC Corp. in Tokyo.

“Supply of raw material remains tight after rain and flooding disrupted tapping in the southern part of Thailand,” Shigemoto said by phone today. (Bloomberg)
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