Kuala lumpur: The rubber market is anticipated to rise next week as supply concerns grow due to ongoing heavy rainfall affecting rubber-producing areas in Thailand and Malaysia. Denis Low, an industry expert, highlighted these concerns as a significant factor influencing the market.

According to BERNAMA News Agency, the continuous rainfall, along with weather alerts in Thailand and warnings of floods and landslides in Malaysia, is expected to decrease rubber production and disrupt logistics. This situation is likely to push rubber prices higher, driven by increased demand for both bulk and dry rubber.

Denis Low noted that the volatility in exchange rates and crude oil prices is also contributing to market fluctuations. On a weekly basis, the Malaysian Rubber Board’s reference price for Standard Malaysian Rubber 20 (SMR 20) saw a slight decrease of one sen to 723 sen per kilogram, and latex-in-bulk fell by 0.5 sen to 575 sen per kilogram.