Rubber export price increases to high level

Rubber export price has risen by US$400 a tonne since early December 2009, according to the Vietnam Rubber Association.

In early this month, the price was put at US$3,100 a tonne, twice as much as the same period last year.

The rubber price is predicted to remain at a high level in the second quarter of this year. The world price of natural rubber is projected to exceed US$3,000 a tonne due to the reduction in its supply source and the world economy’s rebound which will cause a sharp increase in consumption demand for natural rubber.

At present, the area under rubber trees in Vietnam is put at 160,000 hectares with its output of around 300,000 tonnes a year.

It is planned that the Vietnam Rubber Group will manage 520,000 hectares of rubber by 2020.

Tags: Vietnam Rubber, Vietnam rubber exports 2010, Vietnam’s rubber exports

Posted by VBN on Mar 9 2010. Filed under Import-Export, Rubber & Plastic. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry