1. Except for a brief period in August, rubber prices were in decline despite falling stocks and low output in Malaysia. 2. Other matters to be discussed at the meeting include a review of the rubber market situation and efforts to stabilize rubber prices. 3. Players shied away from the market despite the lower rubber prices offered, he added. 4. A dealer said that rubber prices were adjusted in accordance to the prevailing social unrest in Indonesia. 5. A dealer said traders, however, remained cautious to undertake any trading move, as rubber prices were currently currency-rates-sensitive. 6. Another dealer said rubber prices were adjusted upwards due to the currency factor. 7. Another dealer said rubber prices are likely to hover around the current level. 8. Another dealer said shortage of raw materials during the monsoon season would also push up rubber prices here. 9. At that meeting, Thailand criticized the consistent drop of world natural rubber prices, Lim said. 10. Asserting that Malaysia should have independence in controlling its rubber price, he said Malaysia was not only a producer of natural rubber but also a consumer. |