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Commodities  |  JANUARY 30, 2016 6:17AM

Regional bearish sentiment to pressure rubber mart

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A farmer collects latex at a rubber plantation in Buon Ma Thuot CityRegional bearish sentiment is expected to further pressure prices on the Malaysian rubber market next week, said a dealer.

He said that expectations of the ringgit continuing its upward momentum would also affect the price movement.

Regionally, he said investors remained cautious ahead of a policy decision by Japan’s central bank after ending a two-day meeting on Friday.

On a Friday-to-Friday basis, the Malaysian Rubber Board sellers’ official physical price for tyre-grade SMR 20 declined 34 sen to 445 sen a kg, while latex-in-bulk slipped 7.0 sen to 369 sen a kg.

The unofficial closing price for tyre-grade SMR 20 decreased 34.5 sen to 444.5 sen a kg, while latex-in-bulk shed 10.5 sen to 367.5 sen a kg.



 
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