By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, June 11 (Bernama) -- The Kuala Lumpur rubber market declined on Tuesday due to losses in regional rubber futures markets and declining crude oil prices, attributed to profit-taking activities, said a dealer.

However, further losses were capped by a weaker ringgit against the US dollar and decreased local natural rubber production amid tight rubber supply, she told Bernama.

“Market traders are keeping a close watch on crucial United States economic data and the outcome of the US monetary policy meeting this week,” the dealer said.  

The Malaysian Rubber Board’s (MRB) price for Standard Malaysian Rubber 20 (SMR 20) fell by 9.5 sen to 850 sen per kilogramme (kg), while latex-in-bulk declined by 2 sen to 798 sen per kg.

At 5 pm, the MRB reference price for physical SMR 20 stood at 843 sen per kg, while latex-in-bulk was at 796.50 sen per kg.

-- BERNAMA