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  • Written on 21.02.2012 - Industry
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MALAYSIA: Rubber prices will sustain over long-term

The current upward trend in natural rubber prices will continue to sustain over the long-term, says Rubber Industry Smallholder Development Authority (RISDA) chairman Tan Sri Rahim Tamby Chik.

He was optimistic prices would sustain if both commodities do not depend on the export markets of Europe and the United States but instead make further inroads into new emerging markets like Russia, China and other developing Asian countries.

"Although we are feeling the impact of the recession in Europe and the United States, we are still able to record reasonable growth as Risda continued with its ongoing efforts to raise smallholders income.

"Rubber prices are enjoying robust growth and if the problem (recession) recovers, prices will surge further," he told reporters.

Source: "Bernama" (Malaysian National News Agency), Kuala Lumpur; 21 Feb 2012

(Syed Rashid Ali, Karachi, Pakistan)


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