Rubber prices may climb to 30-year high

According to an article in bloomberg.com by Aya Takada and Yasumasa Song, "Rubber may gain to the highest level in three decades by March as the economic recovery increases demand for the commodity used in tires and supply will decline, said a director at Newedge Group.

Futures on the Tokyo Commodity Exchange, the benchmark for rubber prices, may top the 2008 peak of 356.9 yen per kilogram ($3,868 a metric ton), the highest level since March 1980, said Makoto Sugitani, senior director at the commodity derivatives division of Newedge Japan Inc.