RUBBER

Exporting Countries to extend output cuts beyond June,” he said.

Nevertheless, the decline was capped by a weaker ringgit.

As 5pm, the local note stood at RM4.4240 against the greenback against 4.4230/4280 on Tuesday.

At noon, the Malaysian Rubber Board’s official physical price for tyre-grade SMR 20 was 35.5 sen lower at 831 sen a kg while latex-in-bulk slipped 3.5 sen to 718 sen a kg.

The unofficial closing price at 5pm for tyre-grade SMR 20 declined 48 sen to 829 sen a kg and latex-in-bulk lost 6 sen to 714.5 sen a kg.