RUBBER MART FALLS TO LOWEST LEVEL SINCE NOV 2018 (SCREEN)

SITI NOOR AFERA ABU

KUALA LUMPUR, March 23 -- The Malaysian rubber market started the week sharply lower with the price of the benchmark Standard Malaysia Rubber 20 (SMR 20) falling to the lowest level since Nov 21, 2018 at 490 sen per kg.

The lower price was due to the poor performance of regional rubber futures markets following the decline in crude oil prices to US$28.29 per barrel.  

Compared to Friday's closing, the price of SMR 20 dropped by 25 sen while bulk latex fell three sen to 421.5 sen per kg.