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Heavy rain led to Thailand and Malaysia rubber prices
TIME :2015-01-05

 

       According to "The Wall Street knowledge" website reported December 30, Thailand is the world's largest rubber exporter, Malaysia is second only to Indonesia's second largest palm oil exporter. Parts of Malaysia and Thailand flood impact of the supply, the rubber into a bull market, palm oil is close in nearly eight weeks a new high.

 
       Within the Tokyo Commodity Exchange rubber futures from October this year, 5-year lows has risen 22%, to meet at least 20% or more than the threshold of the bull market. Palm oil futures on Bursa Malaysia Derivatives Market for March delivery on the 29th also hit a new high since November 4.
 
       Over the past two weeks, heavy rains in Malaysia and southern Thailand, Malaysia, leading to the occurrence of a rare flood in decades. Goods Meteorological Group expects heavy rain will continue for at least one week. International Rubber Union said on Monday that if the floods continue to wreak havoc down, Thailand and Malaysia, the monthly supply of rubber will be reduced by at least 100,000 tons.


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