Rubber Futures Return to 2013-Highs

Rubber futures rose to near 259 US cents per kilogram, revisiting levels not seen since March 2013, amid ongoing weather supply disruptions in major producing countries. In Thailand and parts of China, rubber tapping remained disrupted by rainfall, keeping raw material prices elevated. Meanwhile, the development of a "strong" El Niño continued to raise concerns over future production. Demand, however, remained subdued as Chinese tyre manufacturers entered the holiday period, following earlier stockpiling