Rubber exports likely to hit $3 billion in 2011

Vietnam is expected to export about 800,000 tonnes of rubber and earn US$3 billion in revenue in 2011 as its yearly rubber output has increased by about four percent, according to the Vietnam Rubber Association.

Economists predict that rubber prices will not drop to below US$4,000 per tonne as three major rubber manufacturers Thailand, Indonesia, and Malaysia are set to protect their rubber prices and the world demand for natural rubber keeps increasing by 3.8-4 percent. – VOV

Tags: Vietnam Rubber, Vietnam rubber exports

Posted by VBN on Jul 13 2011. Filed under 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