Natural rubber futures on the Tokyo Commodity Exchange were trading around 270 yen per Kg, which is still more than double their all-time low of 129.8 yen per Kg touched in April 2020 when several countries were under strict lockdown measures due to Covid-19. The prices are expected to remain elevated as production in major exporters Thailand, Indonesia, and Malaysia is expected to decline as the wintering season sets in in the Northern Hemisphere. Also, hopes of a global economic recovery, vaccine rollout and government stimulus measures should provide further support.