Natural rubber price on the local market has hit a record high of VND39 million a ton, a three-fold increase over the same period last year, and the uptrend is forecasted to continue in the second quarter of this year. The high price is attributed to scant supply both locally and globally as unfavorable weather [...]
Ministry of Industry and Trade’s Trade Information Centre reported that the rubber price has continuously increased from $1,470 per tonne in last June to $2,190 per tonne in December 2009 and averaged at $2,600 per tonne during the first quarter of this year. Particularly, the FOB price of rubber SVR 3L soared from $1,590 per [...]
Natural rubber latex prices have been increasing steadily since the beginning of 2010. Yet even though the potential for profits is expanding, Vietnamese businesses have no rubber to sell. According to the General Statistics Office, in the first two months of 2010, Vietnamese enterprises sold 68,000 tons of rubber latex with revenue of $170 million, [...]
In 2010, it is estimated that the price of natural rubber in world markets will surpass $3,000 per tonne, Tran Ngoc Thuan, general director of Vietnam Rubber Industry Group stated yesterday March 1 after attending the 2010 International Rubber Conference that was held in Singapore last weekend. The rubber price has stayed at high level [...]
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