Rubber Drops to Lowest in Three Months on Malaysian Exports, Yen
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Rubber declined for a third day to the lowest level in three months after exports surged from Malaysia, the third-largest producer, and the Japanese currency strengthened, reducing the appeal of yen-based contracts.
The contract for delivery in August on the Tokyo Commodity Exchange fell 1.1 percent to end at 277.6 yen a kilogram ($2,880 a metric ton), the lowest settlement since Dec. 14. Futures have lost 8.7 percent in the past three days.