China accounts for 60% of Vietnam’s rubber export in 10 mths China is the largest natural rubber export market of Vietnam during the first 10 months of this year, the Saigon Economic Times reported. Traders exported over 352,000 tonne of rubber to China for nearly $1.5 billion in the period, accounting for 58-59% in terms [...]
Vietnam’s rubber market last week remained gloomy as exporting to China faced many difficulties along with sharp reduction in global rubber prices, the Saigon Economic Times reported. Compared with November 11, the price of SVR CV last week declined by 600 dong per kilogram while that of SVRL slumped 800 dong per kg. On November [...]
There are thousands of tons of natural rubber blocked up at the Mong Cai border gate as China requested their importers to switch to official import system. As the result, the natural rubber import- export activities at Luc Lam-La Phu gate were sluggish during last week with only 100-200 tons traded each day, the Center [...]
Rubber price towards the end of the year will still be above $4,000 per tonne despite continuous drops in price caused by the lower demand in China as Vietnam’s biggest rubber importer, according to Vietnam Rubber Association (VRA). Tran Thi Thuy Hoa, general secretary of VRA, told the Daily on Monday that Thailand has decided [...]
For the last two weeks, Vietnamese rubber exporters cannot sell any kilos of rubber latex to China through the cross-border market. Le Van Xuong, Chief Representative of the Quang Ninh-based Binh Long MTV Rubber Company, confirmed that the rubber trade activities between Chinese businessmen and Vietnamese enterprises remained frozen. Chinese stop purchases to force prices [...]
It is the world’s fourth largest exporter despite being a late entrant into the international market. But Vietnamese firms producing tires and needing latex for other production purposes are facing a shortage of the material and having to import it at higher prices. The increased domestic demand has not disturbed the export focus of local [...]
Vietnam is well known in the world as the fourth biggest rubber exporter. However, its businesses usually complain that they lack rubber materials for their production. The natural rubber latex prices have been going up and down so far this year. Meanwhile, rubber export turnover in the first six months of the year was still [...]
Natural rubber output in key growing countries will expand at a slower pace in the third quarter as a “severe” leaf disease delays tapping in Vietnam, according to the Association of Natural Rubber Producing Countries. Production from member countries, representing 92% of global supply, may increase 3.4% to 2.77 million metric tons during the July-to-September [...]
Provinces in the Central Highlands have planted rubber trees on more than 64,000ha in the last two years, taking the region’s total area under rubber to 174,720ha, the Tay Nguyen Steering Committee said. Kon Tum, Gia Lai and Dak Lak provinces have the largest areas under rubber. The trees have mostly been planted on infertile [...]
Rubber exports are expected to total about 830,000 in 2011, earning over US$3 billion, with annual output projected to increase by 4 per cent, according to the Viet Nam Rubber Association (VRA). Nguyen Viet Chien, director of the Centre for Information and Statistics under the Ministry of Agriculture and Rural Development, said rubber exports in [...]
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