Kossan Holdings (M) Sdn Bhd (KHSB), the largest shareholder of Kossan Rubber Industries Bhd, distributed its 14.35% stake in the public-listed glove manufacturing company to founding family members.

Vietnam posted revenue of 1.89 billion USD from the export of 1.42 million tonnes of rubber during the first nine months of this year. Though volumes increased, there was a year-on-year fall of 17.4% in value.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a slight upward bias this week due to the recent strength in the crude oil market, said palm oil trader David Ng.

The Chairman of Natural Rubber Producers, Processors and Marketers Association of Nigeria (NARP- MAN), Cross River State, Mr. Umo Inameti, has disclosed that natural rubber can generate as much as N200 billion annually for the state, if given the desired attention by government and enabling environment for the rubber plantation farmers to operate freely.

Japanese rubber futures recorded their biggest dip since April on Tuesday amid sliding Asian stocks and a weak Nikkei.

Japanese rubber futures rose for a second session on Monday, as a weaker yen supported the market, although trading was subdued with the Chinese market closed for a holiday.

The Malaysian rubber market is expected to remain steady next week with an upward bias.
Malaysian Rubber Glove Manufacturers Association (Margma) past president Denis Low said incessant rainfall in rubber-producing regions would help push up the rubber prices and demand.

Japanese rubber futures ended little changed on Wednesday, as hopes of economic stimulus in China were offset by poor economic performance in Japan.