Indonesian rubber sold at record, surpasses Thai grade - trade

Newswire

SINGAPORE, Dec 21 (Reuters ) - Indonesian rubber changed hands at historic highs at $4.872 a kg for nearby shipment, surpassing Thai RSS3 grade by a few cents for the first time in years after incessant rains curbed supply, dealers said on Tuesday. Shippers bought SIR20 at high prices late on Monday because of fears they might have to default on shipments if they could not meet contracts after heavy rains disrupted tapping in Indonesia, the world's second-largest producer after Thailand. ...

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