VN to export 750,000 tonnes of rubber in 2010

The Vietnam Rubber Association predicted that this year’s total rubber exports will hit 750,000 tonnes, valued at over 1.5 billion USD.

The association said that 2010 promises a growing year for the rubber industry as the price is forecast to increase by 30 percent.

At present, the price of Vietnam ’s natural rubber stands at 2,900USD per ton, the highest level since the third quarter of 2008.

Statistics from the Ministry of Industry and Trade showed that last year, Vietnam exported around 726,000 tonnes of rubber, worth 1.2 billion USD, of which 90 percent were natural rubber.

Tags: Vietnam rubber exports

Posted by VBN on Jan 25 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