Rubber Slumps Most in 3 Months as Thailand May End Price Support
This article is for subscribers only.
Rubber futures slumped by the most in more than three months as Thailand may end a price-support program next month, spurring speculation shipments may increase from the world’s largest producer.
The contract for July delivery tumbled 3 percent to 314.6 yen a kilogram ($3,366 a metric ton) on the Tokyo Commodity Exchange, the largest daily loss since Nov. 5. It was also the lowest settlement for the most-active contract since Jan. 29. The drop pared this year’s gain to 4 percent.