The Thai government's optimism around Thai rubber prices found some support in extended hot weather in Thailand, which might delay the onset of the new season. Meanwhile, the market participants maintained a slightly bearish tone amid concerns of deteriorating fundamentals and the oversupply due to the upcoming peak season.
What is covered in the Full Insight:
Introduction
Weather Impact on Rubber Yields
Market Prices and Auction Levels
Short-term and Long-term Outlook
Conclusion and Potential Risks
SUMMARY
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