Market and product

BANGKOK, Aug 3 - Asian physical rubber prices rose on Tuesday supported by strong futures contract prices on the Tokyo Commodity Exchange and limited supplies in producing countries, dealers said.

Thailand, the world's biggest exporter, was hit by unseasonal rains which disrupted tapping while Indonesia, the second-biggest, is entering the dry season when rubber trees stop producing latex, they said.

PRICES OF ASIAN PHYSICAL RUBBER COMPARED WITH August 2

Grade Price Change

Thai RSS3 (Sept) $3.30 +$0.03

Thai STR20 (Sept) $3.10 unchanged

Malaysia SMR20 (Sept) $3.05 unchanged

Indonesia SIR20 (Sept) $1.36/lb unchanged

Thai USS3 100 baht/kg +2 baht

Thai 60-percent latex (drum/ Sept) $2,300 +$100

Thai 60-percent latex (bulk/ Sept) $2,200 +$100

**NOTE - The prices quoted above are offers collected from traders in Thailand, Indonesia and Malaysia. They are not official prices quoted by state-run rubber agencies in those countries.

(Source: http://news.alibaba.com)