RUBBER PRICE JANUARY 13: Increased 4.36% Driven by Thailand's Policy

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.
Rubber Contract Price Movement at TOCOM




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%




Source: Bloomberghttp://market.bisnis.com/read/20160113/94/509273/harga-karet-13-januari-dikerek-kebijakan-thailand-harga-naik-436-