Rubber Prices Rise to USD 132.9 per Kg (Tuesday, September 13, 2022)

Rubber prices rose in transactions on Tuesday, September 13, 2022. Today's rubber price traded at SGD 132.9 per kg. This is higher than the previous day's trade, which was at SGD 131.4 per kg. This condition completes the rubber price movement in the last two days, which has been in a declining trend.

Over the past week, rubber prices have grown by 2.47 percent, with an average daily transaction price of SGD 131.03 per kg. Compared to the position 30 days ago, the movement of rubber prices has slowed by 12.62 percent. The highest trading value for rubber commodities this year was transacted at SGD 185 per kg, which occurred on Wednesday, February 23, 2022.

Annually, the average rubber price trade over the past five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decline. The highest average monthly price for rubber commodities was recorded in February 2022 at SGD 179.57 per kg.

*update:*
This text has been edited in the title and narrative. Previously, the commodity unit was written as SGD per kg and has been changed to USD per 100kg. For direct reference, please click this source link.