Rubber market set to continue cautious trading

The Association of Natural Rubber Producing Countries (ANRPC) reported that the global outlook for the natural rubber market should stay positive this year.It said the world production is expected to grow by 1.9%, or 14.107 million tonnes, while the world consumption is expected to grow moderately at 1.2%, or 4.232 million tonnes this year.(File pic shows a rubberb plantation in Malaysi)

KUALA LUMPUR: The Malaysian rubber market is expected to continue trading on cautious mode this week, driven by concern over the outlook of the global commodity markets, according to a dealer.

He said market operators are also expected to continue assessing the impact of the start of the US Federal Reserve rate hike cycle from last week.