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Thai rubber prices hit near three-year high on global demand

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Thai benchmark smoked rubber sheets (RSS3) began rallying in July and rose to the highest levels in nearly three years at 64.65 baht ($2.06) per kg last week. It has eased a little and was quoted at 61.25 baht per kg on Tuesday. Prices for the grade have usually hovered at levels under 50 baht per kg in past years. "Rubber prices increased from global demand, driven by Chinese exports after the economy began to recover," said Deputy Government Spokeswoman, Rachada Thanadirek.

Mentions: rubber price rubber production global