Rubber producers seek to stabilise sky-high prices

Rubber producers seek to stabilise sky-high prices
KUALA LUMPUR, Jan 18: A spike in rubber prices towards their strongest level in more than 50 years may not be sustainable and key producers are looking for ways to prevent a repeat of a brutal correction more than a year ago.
Cash rubber has been traded above $3 a kg in January, within sight of a 56-year peak around $3.25 struck in the middle of 2008 on an oil-driven rally in Tokyo futures JRUc6 and tight supplies in the three main producers. (Reuters) http://in.reuters.com/article/domesticNews/idINSGE60H0DZ20100118