Published Date: 08/10/2024
- Supply shortage and high demand were the main drivers for the uptrend of rubber prices in 9M24;
- We forecast rubber prices to remain at high levels thanks to (1) unfavorable weather conditions (2) widespread leaf fall disease (3) reduced rubber acreage (4) higher rubber consumption;
- We find that GVR, PHR and TRC are the most beneficiaries of high rubber prices.
