Kuala lumpur: The Kuala Lumpur rubber market wrapped up trading with mixed results on Thursday, driven by supply concerns stemming from adverse weather in Thailand, a major rubber producer, a dealer reported. Heavy rainfall in Thailand's rubber-producing regions has disrupted tapping activities, leading to a tightened short-term raw material supply, which in turn supported regional rubber futures.

According to BERNAMA News Agency, market sentiment also found support from a substantial rise in crude oil prices amid rising tensions in West Asia. The dealer noted that crude oil prices surged by approximately seven percent due to escalating airstrikes in the region, prompting worries about potential supply disruptions and lending support to the overall commodity market.

Despite these factors, the gains were limited by cautious sentiment following the decision by the United States Federal Reserve to maintain its benchmark interest rate at 3.50 percent-3.75 percent. This decision comes amid ongoing global economic uncertainty, with the Fed maintaining a hawkish stance and reinforcing expectations of prolonged higher interest rates.

At 3 pm, the market saw the price of Standard Malaysian Rubber 20 (SMR 20) rise by 3.5 sen to 878.5 sen per kilogramme, while latex in bulk experienced a decline of five sen to 696.5 sen per kilogramme.