
Meanwhile, many agricultural products faced downward pressure due to improved supply prospects. At the close of trading, the MXV-Index rose 0.4%, to 2,869 points.
According to the Vietnam Commodity Exchange (MXV), rubber was a bright spot in the industrial raw materials market, with both natural rubber prices rising sharply. Notably, the price of TSR20 rubber reached its highest level in nine years.
At the close of trading, the price of RSS3 rubber for July delivery rose more than 2% to $2,598 per ton, while the price of TSR20 rubber for July delivery increased by 2.27%, reaching $2,345 per ton.

A key driver behind the rise in rubber prices comes from a shift in the demand structure of the global tire manufacturing industry. The sustained high price of crude oil over the past several months has significantly increased the cost of producing synthetic rubber, forcing many businesses to prioritize the use of natural rubber to optimize costs.
In addition, consumer demand continues to be supported by the recovery of the automotive industry, particularly the new energy vehicle segment.
In the domestic market, rubber latex prices continue to remain stable in highland areas after several consecutive weeks of increases. In Binh Phuoc, the price of liquid latex fluctuates around 550-565 VND/degree, while the price of cup latex is commonly at 27,000-28,000 VND/kg.

In the agricultural commodities market, grains continued to face selling pressure, with wheat experiencing a sharp decline. At the close of trading, Kansas wheat prices fell nearly 2% to $233.2 per ton, while Chicago wheat prices dropped nearly 1% to $221.5 per ton.

Domestically, businesses are increasing wheat imports to secure raw materials for production amidst unpredictable fluctuations in the international transportation and logistics market. Cumulatively from the beginning of the year to May 15th, imports have exceeded 4.1 million tons, bringing the total import value to over $1 billion.
Source: https://hanoimoi.vn/thi-truong-hang-hoa-phan-hoa-mxv-index-tang-nhe-1119423.html









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