KUALA LUMPUR: The price of Standard Malaysian Rubber grade SMR 20 surged on Monday on rising concern over supply shortage due to hot weather in major natural rubber-producing countries, said a dealer.
The dealer said buyers were seen stocking up on SMR 20 after the Statistics Department that Malaysian natural rubber production decreased by 2.0 per cent to 29,691 tonnes in February 2024 from 30,287 tonnes in the preceding month.
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