Rubber up $100 a tonne in a week

The price of rubber jumped to $2,500 per tonne last week after months of the commodity steadily dropping, industry analysts reported. The jump of $100 a tonne, or 4.2 per cent, comes after the price for rubber dropped in June from above $3,000 per tonne, according to data from the Cambodia Rubber Association. ... He attributed the change in price to three things in particular: the economic recovery in the United States and China, the work of the International Tripartite Rubber Council (ITRC), and the rainy season. ...

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