13 Jan 2016
The rubber price opened 0.20% lower at 146.60 yen, down from yesterday's 146.90 yen.
The closing price was the lowest for the most active contract at the Tokyo Commodity Exchange since June 2009.
The president of Rubber Grower and Processors in Thailand, Uthai Sonluksub said that this price support was in line with the farmers' proposal to increase the value added from rubber products and increase farmer incomes.
"The government has moved in the right direction to promote the production of value-added goods from rubber. The government plans to buy goods from rubber,"he said, as quoted by Bloomberg.
Date | Price (Yen/Kg) | Change |
13/1/2016 | 153.30 | +4.36% |
12/1/2016 | 146.90 | -1.74% |
8/1/2016 | 149.50 | +0.47% |
7/1/2016 | 148.80 | +0.40% |
6/1/2016 | 148.20 | -1.59% |
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