By Siti Noor Afera Abu
KUALA LUMPUR, May 27 (Bernama) -- The Malaysian rubber market ended slightly higher today, boosted by steady benchmark crude oil prices and an uptick in the regional rubber futures markets, said a dealer.
She told Bernama market sentiment was also lifted by the Association of Natural Rubber Producing Countries’ (ANRPC) projection data on global natural rubber production amid growing hopes of Chinese stimulus measures.
However, further gains were capped by the worsening Middle East conflict, which heightened global economic uncertainties.
ANRPC reported that global natural rubber production is expected to grow marginally by 0.5 per cent in 2025 compared to 2024. At the same time, demand for natural rubber is projected to have a slower growth of 1.3 per cent this year.
At 3 pm, the Malaysian Rubber Board reported that the price of Standard Malaysian Rubber 20 (SMR 20) increased by 10 sen to 735.5 sen per kilogramme (kg), while latex in bulk went up by three sen to 627 sen per kg.
-- BERNAMA
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