Latest news with #MalaysianRubberBoard
Barnama
18 hours ago
- Business
- Barnama
Rubber Market Closes Higher On Supply Concerns, Strong Regional Futures
WORLD By Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, July 22 (Bernama) -- The Malaysian rubber market closed higher on Tuesday, supported by rising regional rubber futures and concerns over a natural rubber supply shortage due to bad weather in key producing countries, a dealer said. He said market sentiment was also lifted by the encouraging report of China's auto sales amid the lingering optimism surrounding the US-China trade talks. 'Nevertheless, further gains were capped by declining benchmark crude oil prices and a slightly stronger ringgit against the US dollar amid growing caution over US tariff policies and the ongoing geopolitics in the Middle East,' he told Bernama. At the time of writing, Brent crude oil fell 1.03 per cent to US$68.47 per barrel. The dealer noted that Japanese rubber futures edged higher on Tuesday, as heavy rains in key producing countries stoked supply concerns, while strong vehicle sales in China also supported the market. 'It was reported that top rubber producer Thailand's meteorological agency warned of heavy rains that may cause flash floods and overflows from July 21-24,' he added. At 3 pm, the Malaysian Rubber Board (MRB) reported the price of Standard Malaysian Rubber 20 (SMR 20) climbed by 7.5 sen to 743 sen per kilogramme, while latex in bulk was up by 3.5 sen to 573.50 sen per kg. -- BERNAMA
Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
IPG benefits 239,053 rubber smallholders, with RM523.4m total payout
KUALA LUMPUR — The Rubber Production Incentive (IPG) has benefited 239,053 smallholders, with total payments amounting to RM523.4 million from its implementation in September 2015 up to June 30, 2025, according to the Ministry of Plantation and Commodities (KPK). The IPG, aimed at ensuring the welfare of rubber smallholders by providing a fair income when rubber prices fall below the activation price level, has been increased to RM3 per kilogramme starting in 2024. Meanwhile, KPK also reported that 221 tonnes of latex have been successfully produced through the Latex Production Incentive Project (IPL+) as of June 2025. 'This amount is expected to rise with the expansion of the programme to three additional locations — Negeri Sembilan, Pahang and Selangor — currently underway in 2025. 'This initiative is also an initial step toward reducing dependence on imported latex,' KPK posted on the Parliament's website on Monday. The ministry was responding to Datuk Awang Hashim's (PN-Pendang) question regarding its strategic measures to ensure rubber prices remain stable and do not decline to levels that would negatively impact the income of smallholders. KPK highlighted that the Malaysian Rubber Board (LGM) is currently constructing three centres for the National Rubber Industry Transformation Program (TARGET), which are expected to be operational by the second quarter of 2026. The implementation of TARGET aims to increase the income of small rubber farmers by enabling them to be directly involved in the industry supply chain without relying on middlemen. 'It shortens the supply chain and enables smallholders to produce value-added crepe rubber with a Dry Rubber Content (DRC) of around 80 per cent, which provides higher returns. 'If implemented through cooperatives, the profits are also distributed as dividends to members,' the ministry added. — BERNAMA
Barnama
2 days ago
- Business
- Barnama
Rubber Market Closes Lower On Weaker Oil, Firm Ringgit
WORLD By Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, July 21 (Bernama) -- The Malaysian rubber market ended slightly lower on Monday, weighed down by weaker crude oil prices and a firmer ringgit against the US dollar, a dealer said. The dealer added that the decline also reflected lingering uncertainties over potential US trade tariffs and the ongoing crisis in the Middle East. 'However, losses were limited by optimism surrounding US-China trade talks and signs of increased economic stimulus from China,' she told Bernama. At the time of writing, Brent crude oil fell 0.38 per cent to US$68.96 per barrel. At 3 pm, the Malaysian Rubber Board (MRB) reported the price of Standard Malaysian Rubber 20 (SMR 20) eased by half-a-sen to 735.50 sen per kilogramme, while latex in bulk dropped 2.0 sen to 569.50 sen per kg. -- BERNAMA
Barnama
15-07-2025
- Business
- Barnama
Rubber Market Ends Lower On Weaker Oil Prices
By K. Naveen Prabu KUALA LUMPUR, July 15 (Bernama) -- The Malaysian rubber market finished lower today, influenced by declining crude oil prices, as markets weighed United States (US) President Donald Trump's 50-day ultimatum for Russia to end the Ukraine war, along with threats of sanctions on buyers of Russian oil, a dealer said. At the time of writing, Brent crude oil prices had fallen by 0.69 per cent to US$68.73 per barrel. The dealer said that market sentiment was also dampened by heightened uncertainty over US tariffs and ongoing geopolitical tensions. 'Trump announced a slew of steep trade tariffs against major economies in the past week, most recently imposing 30 per cent tariffs on Mexico and the European Union,' she told Bernama. Nevertheless, she noted that further losses in the rubber market were capped by a string of positive Chinese economic data. 'It was reported that gross domestic product data showed the Chinese economy grew more than expected in the second quarter, rising 5.2 per cent year-on-year and exceeding the 5.1 per cent forecast. 'Meanwhile, growth for the first six months of 2025 stood at 5.3 per cent, remaining above Beijing's five per cent annual target,' she added. At 3 pm, the Malaysian Rubber Board (MRB) reported that the price of Standard Malaysian Rubber 20 (SMR 20) declined by 1.5 sen to 716.50 sen per kilogramme (kg), while latex in bulk remained unchanged at 564.00 sen per kg.
Barnama
07-07-2025
- Business
- Barnama
Rubber Market Ends Lower, Tracks Regional Losses And Oil Decline
By K. Naveen Prabu KUALA LUMPUR, July 7 (Bernama) -- The Malaysian rubber market closed lower on Monday, tracking losses in regional rubber futures and a decline in crude oil prices, a dealer said. She said Japanese rubber futures slipped in tandem with falling oil prices. 'Oil prices fell on Monday after OPEC+ surprised markets by announcing a larger-than-expected output increase for August,' she told Bernama. At the time of writing, Brent crude was down 0.13 per cent to US$68.21 per barrel. She added that market sentiment was also weighed by uncertainty over United States trade tariffs and the on-going conflict in the Middle East. However, further losses were capped by a weaker ringgit against the US dollar and signs of recovery in the automotive sector. 'It was reported that production and sales in the automobile industry rebounded both month-on-month and year-on-year in the first half of 2025,' she said. At 3 pm, the Malaysian Rubber Board reported the price of Standard Malaysian Rubber 20 (SMR 20) fell by 11.0 sen to 700.00 sen per kilogramme, while latex in bulk dropped 6.0 sen to 565.50 sen per kilogramme.
