Cambodia has seen a 34 percent rise in dry rubber export last year thanks to rising demand globally, the figures of the Ministry of Commerce showed Thursday.
The country had exported 74,200 tones of dry rubber last year, up 34 percent from 55,344 tones in a year earlier, the figures said, adding that the nation earned revenue of 170 million U.S. dollars last year, up 6 percent from 160 million U.S. dollars in a year earlier.
Mok Kimhong, president of the Cambodian Rubber Association, said Thursday that a ton of dry rubber cost about 2,200 U.S. dollars this week, sharply down from 3,290 U.S. dollars at this time last year.
“Rubber demand is still on the rise, but the price is not good — still on a downward trend,” he said, adding that Cambodia’s dry rubber has been sold to China, South Korea, Singapore, Malaysia, and some European countries.
Cambodia has planted rubber trees on the area of about 300,000 hectares, and about 55,000 hectares of them are old enough to be yielded, he said.
Source: Shanghai Daily
Published: 23 Jan 2014