Rubber price per kilogram 2020-2024, by month

As of October 2024, the average monthly global price of rubber was 2.63 U.S. dollars per kilogram. The average annual price of natural rubber at the Singapore Commodity Exchange in 2023 was 1.58 U.S. dollars per kilogram. Rubber as a commodity: many end usesRubber is a widely used material, in both naturally and synthetically sourced forms. Companies use it in the manufacturing of tires and tubes, rubber gloves, latex condoms, erasers, in adhesives and coatings, nozzles, as elastic material in clothing, and more. Accordingly, rubber is an important commodity due to its numerous uses in everyday items.   Rubber prices and rubber producersAs with other internationally traded commodities that have relatively low market prices, low rubber prices have a negative impact on the rubber producers themselves. The resulting issues of poverty for natural rubber producers has led to the creation of the Fair Rubber Association (FRA), which is a multi-stakeholder association that aims to improve the lives and working conditions of the primary producers by utilizing Fair Trade principles.