![round_the_world.1173160800.059_rubber_tapping[1]](http://lh4.ggpht.com/_gKGbqkiYJ-8/TRfMtr_eG4I/AAAAAAAABDg/2G2QHtRKkQg/round_the_world.1173160800.059_rubber_tapping%5B1%5D%5B3%5D.jpg?imgmax=800 "round_the_world.1173160800.059_rubber_tapping[1]")
KUALA LUMPUR, Saturday 25 December 2010 (Bernama) -- The Malaysian rubber market is expected to trend higher next week as low production due to bad weather will continue to push prices higher, dealers said.
A dealer said supply concerns remained amid the current heavy rainfalls in major rubber-producing countries.
"This is amid increasing prices of crude oil, which increase the cost of producing rival synthetic rubber," a dealer said.
Crude oil prices hit two-year highs above US$91 a barrel on signs of the recovery in the US economy.
During the week, rubber prices on the Malaysian rubber market remained at historic highs due to short supply and increasing demand from China.
Malaysian rubber prices ended the week higher with the unofficial SMR 20 at 1,500.50 sen per kg on Thursday, rising 60 sen per kg from 1,440.5 sen per kg last Friday
Latex in Bulk rose 26 sen per kg on Thursday to 988 sen per kg from 962 sen per kg last Friday.
(The unoffical closing prices were not available on Friday due to early closure for Christmas eve.)
As for the official price, latex in bulk rose 31 sen per kg to 990.50 sen per kg from 959.50 sen per kg. SMR 20 advanced 69.5 sen per kg to 1,502 sen per kg from 1,432.50 sen per kg.
(Source: http://www.mysinchew.com/node/50290)
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Rubber prices are manipulated by speculators. Strong actions should be taken to control. Planters may not get the ultimate benefit of price. For example if a farmer sells his product at higher price in coming months the speculator because of his highly developed software programmes and actions may increase the prices and may force the planters to cover the positions. So it is difficult to get the planter the best price. The ultimate gainer is the speculators of high volumes.
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