Rubber sector nets $221 7M phnompenhpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phnompenhpost.com Daily Mail and Mail on Sunday newspapers.
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Cambodia exported more than 350,000 tonnes of rubber in 2020, earning more than $482 million, with most bound for China, Vietnam, Singapore and Malaysia. Hong Menea
Nearly $100M logged in Jan-Apr rubber exports
Sun, 2 May 2021
Cambodia generated $99.87 million from natural rubber exports in the first four months of 2021, up by 2.5 per cent from $97.43 million in the same period last year, according to data from the Ministry of Agriculture, Forestry and Fisheries.
By weight, however, exports dropped by 15 per cent to 61,056 tonnes in January-April from 71,749 in the corresponding period last year.
Men Sopheak, owner of Sopheak Nika Investment Agro-Industrial Plants Co Ltd, a rubber grower and exporter, told The Post on May 2 that growing demand in China, the world s largest market, has pushed up rubber prices in Cambodia since the beginning of this year.
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The Kingdom exported a total of 83,620 tonnes of natural rubber latex in January-February, representing a year-on-year increase of 10.3 per cent from 75,809 tonnes. YOUSOS APDOULRASHIM
China demand stretches rubber prices
Tue, 16 March 2021
The prices of Cambodian natural rubber latex on international markets have risen by more than 10 per cent year-on-year in the first quarter, driven by rising demand from China, according to a senior official of the Ministry of Agriculture, Forestry and Fisheries.
General Directorate of Rubber head Pol Sopha told The Post on March 16 that China’s “improved economic growth” had boosted demand for rubber in the East Asian country.