Bad Weather Conditions Likely To Boost Rubber Market Next Week
KUALA LUMPUR, The local rubber market is expected to trade higher next week due to uncertainties caused by bad weather conditions, which could boost both demand and prices, said industry expert Denis Low. He noted that Typhoon Yagi had triggered severe flooding and landslides in the rubber producing region, along with heavy rainfall which hampered rubber production. ‘The Thailand Meteorological Department forecasted more torrential rain nationwide from Sept 13, 2024, and urged residents to be cautious of flash floods and forest runoffs. ‘Hence, the market is poised to see lower output during these rainy spells and this would push up