Tokyo Commodity Exchange (TOCOM) rubber futures prices on Thursday (October 23) to continue upward, six-week intraday high, supported by the weakening of the yen, while the Thai government to provide assistance also contributed to the price of gum rubber farmers to rise.
TOCOM rubber futures contract prices in March rose 0.2 percent on Thursday, reported 193.3 yen / kg (0039GMT), its price is the highest bit earlier touched since September 9, reported 196. The yen / kg.
The Thai government on Tuesday by providing $ 1.8 billion aid for rubber farmers resolution, the assistance programs, including direct investment, which is based on the number and the Rubber Association of buying rubber farmers to decide how much land.
Asia City early Thursday, the dollar rose against the yen, newspaper 107.16 yen, compared with a slight increase of 107 yen on Wednesday afternoon.
International oil prices fell sharply Wednesday, with the US Brent crude oil futures prices fell to $ 80 / barrel, due to a substantial increase in US crude oil inventories.
The Nikkei 225 index fell about 0.7 percent on Thursday.
As at Beijing at 9:56 am on October 23. Tokyo rubber newspaper 195.4 yen / kg, up 1.19 percent.
