Benchmark Tokyo rubber futures surged to a near 4-year high on Wednesday on concerns widespread flooding in southern Thailand, the world's biggest rubber producer, would affect supply, dealers said. Flash floods in southern Thailand washed out a bridge on the country's main north-south highway on Tuesday, backing up traffic for 200 km (125 miles) as the death toll from days of unseasonable rain rose to 25, media reported.
The Tokyo Commodity Exchange (TOCOM) rubber contract for June delivery finished 11.5 yen, or 4.1 percent, higher at 290.9 yen ($2.51) per kg. It rose as high as 292.0 yen earlier in the session, surpassing December's highs and hitting the highest since May 23, 2013.
The most-active rubber contract on the Shanghai futures exchange for May delivery rose 500 yuan to finish at 19,555 yuan ($2,822.97) per tonne. The front-month rubber contract on Singapore's SICOM exchange for February delivery last traded at 210.8 US cents per kg, up 2.1 cent.
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