Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Rubber price falls from 2012

Rubber price falls from 2012

Rubber price falls from 2012

Thanks to seasonal demand, the price of rubber has increased from 2012’s year-end prices. But it was still slightly lower than at this time last year, a rubber-plantation owner said yesterday.

Mak Kimhong, president of the Cambodia Rubber Association and owner of the Chhop Rubber Plantation in Kampong Cham province, told the Post dried rubber prices had increased from about $2,700 a tonne in November and December to $3,100 a tonne this month.

Kimhong said it was common for the price to rise at this time of year, but it was still lower than in March, 2012.

“[International demand] always ups from February to April due to limited supply,” Kimhong said, but he was unable to account for why prices are lower than at this time last year.

In 2012, Cambodia exported 54,000 tonnes of dried rubber, up 16.6 per cent from 46,700 tonnes in 2011.

The total value of 2012 exports, however, dropped 21.2 per cent to $158 million from $201 million in 2011, according to figures from the Ministry of Commerce.

Ly Phalla, director-general of the department of rubber plantations, said supply was still outpacing demand be-cause of the recovering global economy.

Phalla said 280,000 hectares of land in 18 provinces were planted with rubber, but only about 50,000 hectares were ready for harvesting.

The International Rubber Study Group says global consumption of natural rubber is expected to rise almost six per cent this year.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all