The local currency dipped to a five-and-a-half year low of RM 3.55 against the US dollar while the benchmark Brent crude oil tumbled to under US $53 per barrel. However, the undertone of the market remained fundamentally strong as production was expected to be considerably reduced in the coming months as a result of the ongoing monsoon season. "However, the shortage in natural rubber production is a positive indicator for the industry, as it would lead to higher rubber prices later,” said a dealer, adding that many players were still away on extended holidays after Christmas and New Year. Source: "Bernama” (National News Agency of Malaysia); Kuala Lumpur; 6 Jan 2015
(Syed Rashid Ali, Karachi, Pakistan)

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