Factors affecting rubber prices in Malaysia

Rubber prices in Malaysia fluctuate significantly due to a range of factors. This research investigates how both external market conditions and environmental variables influence these price changes. In particular, this study examines the impact of rubber exports, crude oil prices, exchange rates, temperature, and rubber planted area. Excel and Minitab were used to analysed secondary data collected from 1990 to 2022 using time series regression. The results indicate that crude oil prices and rubber exports significantly affect rubber prices, while temperature, exchange rates, and rubber planted area exhibit weaker impacts. These findings provide valuable insights into stabilizing rubber prices and enhancing economic resilience within Malaysia’s rubber industry.