Cambodian rubber exports up 42 percent

ERJ staff report (TP)

Phnom Penh − Cambodian rubber exports increased 42 percent in the first nine months from a year earlier, and half of the total output occurred in the last three months, reported Hor Kimsay for The Phnom Penh Post.

According to the Ministry of Commerce, exports from July to September reached 26,403 tonnes, representing 47 percent of the total 56,202 tonnes shipped from January through September.

Men Sopheak, deputy director of Chhub Rubber Plantation in Kampong Cham province and one of the leading exporters, said on Wednesday (13 November) that need in the global economy helped boost volume.

“We see that the demand at the international market is up in the period,” he said.

With volume on the rise, prices are gradually falling. The price of rubber sold at the Cambodia-Vietnam border on Wednesday was $2,280 (€1,695) per tonne, a decrease from $2,700 (€2,008) per tonne in early 2013. Total revenue from exports during the first nine months is valued at $132m (€98.2m).

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Full story from The Phnom Penh Post