Indonesian Rubber Prices Advance to a Record on Shortage, Association Says

Rubber prices in Indonesia, the world’s second-largest producer, surged to a record $3.85 a kilogram today as heavy rains disrupted tapping, lowering production, according to the Rubber Association of Indonesia. 

The price may advance to $4 a kilogram by the end of the month because of a “supply shortage” while domestic demand keeps expanding, Asril Sutan Amir, the association’s chairman said by phone today.Source: Reuters