Rubber Declines for a Second Day on Stronger Yen, Thai Supplies
Rubber declined for a second day in Tokyo as supplies increased from Thailand, the world’s biggest producer, and the Japanese currency gained against the dollar, encouraging investors to sell the
The commodity slid as much as 1.5 percent after the yen recovered from a
“The yen is the biggest factor right now,” Navarat Kaewpratarn, a marketing official at Future Agri Trade Ltd., said by phone in Bangkok today. “There is also a lingering concern that demand’s still lagging supply.”
Production in Thailand typically increases in June following the end of the
Natural rubber for November delivery, the
From Bloomberg News.
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