A dealer said the rebound was also buoyed by a weaker ringgit against the US dollar, which made local rubber prices more attractive to international traders
PETALING JAYA: The Malaysian rubber market rebounded from Wednesday’s losses to close firmer yesterday after the International Tripartite Rubber Council (ITRC) forecast a decrease in natural rubber production for the rest of this year and into early 2021.
A dealer said the rebound was also buoyed by a weaker ringgit against the US dollar, which made local rubber prices more attractive to international traders.
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