Natural rubber futures on the Agricultural Futures Exchange of Thailand hit its daily lower limit Friday as fresh concerns arose about the health of the global economy, trade participants said.
"It is the economic shocks from Dubai today that dragged down the commodities market, including rubber," said Chiaki Furui, chief executive at Agrow Enterprise, a Bangkok-based commodities brokerage.
AFET's new benchmark July RSS3 contract fell by its daily lower limit of THB3.0 to THB88.10 per kilogram, triggering a halt in trading.
The daily trading limit will be widened to THB3.75/kg when trading resumes Monday.
(Source: http://irco.biz)
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