Soft Commodities
Rubber Futures at 1-Week Highs
Rubber futures rose above 181 US cents per kilogram, hitting the highest since January 16, partly influenced by higher oil prices in international markets, which make synthetic alternatives less attractive. In the meantime, forecasts of heavy rainfall in top producers Thailand and Indonesia until the end of the month pose risks to supply, adding substantial pressure. Meanwhile, easing global geopolitical tensions boosted demand prospects for the natural fiber and other commodities.
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