S'pore rubber prices weaken

S'pore rubber prices weaken

SINGAPORE (Reuters): Singapore rubber futures fell across the board on Thursday on profit-taking from previous gains and traders said such selling might continue.

"Worries over Indonesia are decreasing so some people started to take profits," said one trader.

Indonesia, which experienced bloody riots and a cabinet reshuffle earlier this month, is one of the world's biggest rubber producers.

The riots, which raised fears for a supply shortage, led to the downfall of veteran ruler president Soeharto, who handed over to his deputy and long-time protege B.J. Habibie last Thursday.

At around 0945 GMT, June RSS3 lost 1.25 cents to 75.50 cents U.S. a kg and July fell one cent to 76.00 U.S. cents a kg. June TSR20 fell two cents to 71.50 U.S. cents a kg and July slid 2.25 cents to 72.00 U.S. cents a kg.