As rubber prices continue to drop worldwide Thailand’s Prime Minister has signed an agreement to use natural rubber in road construction. Prime Minister Prayut Chan-o-cha chaired the signing ceremony of an agreement to use local Thai rubber in road construction, part of an effort to help the country’s financially strapped rubber farmers.

SEOUL (Reuters) - Oil prices fell on Monday, with U.S. oil dropping more than 2%, as a spike in new coronavirus cases in the United States raised concerns over a second wave of the virus which would weigh on the pace of fuel demand recovery.

The Association of Planters of Kerala has come out against the Rubber Board proposal to set up an e-auction platform for trading natural rubber, saying that the existing system provides fair prices for the commodity and maximum benefit to growers.

SHANGHAI (Reuters) - China’s auto sales in May rose 14.5% from the same month a year earlier, industry data showed on Thursday, the second consecutive month of increase as the world’s biggest vehicle market recovers from lows hit during coronavirus lockdowns.

NEW YORK (Reuters) - Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies.

TOKYO (Reuters) - Oil prices slid early on Friday, extending heavy overnight losses on a surge in U.S. coronavirus cases this week that has raised the prospect of a second wave of the outbreak slamming demand in the world’s biggest consumer of crude and fuel.