Thursday, July 5, 2007

Rubber Futures Rise in Tokyo on Concern Thailand Supply Slow to Pick Up

(Bloomberg) -- Rubber futures in Tokyo, the global
benchmark, rose for a third day amid concern that supply in
Thailand is not picking up as fast as it should after the end of
the low production season.

Futures contracts also looked cheap compared with physical
rubber prices, which were underpinned by rain in Thailand, the
world's biggest producer, said Takaki Shigemoto, an analyst at
commodity broker Okachi & Co. in Tokyo, by phone today. Rubber
supply in Thailand typically increases after the low production
period known as wintering.


Read more at Bloomberg Commodities News

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