By Lucy Craymer

Asian rubber prices continued to rise sharply as floods across large swaths of southern Thailand threaten the world's supply of rubber.

The major floods, which have left 31 people dead and two people missing, have ravaged that part of the country for the past week, inundating a number of plantations and preventing farmers from being able to tap trees.

As a result, rubber prices on the Tokyo market during the night session hit a high of 295.4 yen ($2.54) a kilogram, their highest level since May 2013.

Asian Rubber Futures

Jan 11 Change from previous close

Tocom Jun RSS3 Y290.9/Kg Up Y11.5/Kg

Shanghai May SCR5 CNY19,380/Ton Up CNY 325/Ton

Sicom Feb RSS3 US260.0 cents/Kg Up US 9.0 cents/Kg

Sicom Feb TSR20 US 211.0 cents/Kg Up US 3.2 cents/Kg

USS Jan THB76.83-THB76.99/Kg THB79.10-THB80.09/Kg

Write to Lucy Craymer at lucy.craymer@wsj.com, @lucy_craymer

(END) Dow Jones Newswires

January 11, 2017 06:58 ET (11:58 GMT)

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