Poor outlook for rubber prices

16 September 1999

Poor outlook for rubber prices

THE short-term outlook for prices in the natural rubber market remains poor, says the latest quarterly commodities report from the Economist Intelligence Unit.

But the balance of supply and demand is expected to shift back in favour of producers in the longer-term.

Prices are forecast to average more than M$3,000 (US$789) a tonne in 2001, compared with M$1,730 this year.

Cotton prices are expected to rise towards 65¢/lb by the middle of 2001 from this years average of 60¢/lb.

• Financial Times 16/09/99 page 44