Halcyon Agri to hike rubber prices, may halt SICOM delivery

April 17, 2015 8:54 AM

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SINGAPORE, April 17 (Reuters) - Major rubber producer Halcyon Agri Corp Ltd will boost prices sharply for long-term contracts and may end delivery to the Singapore SICOM rubber exchange, according to a letter from Halcyon.

The step by Halcyon, which makes around 7 percent of global natural rubber output, highlights frustration among big rubber producers in Asia with futures prices that are wallowing at their lowest since 2009. The falls come as a chronic supply glut coincides with weak demand from top consumer China.

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