Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Rubber prices soar by 236 percent

Rubber prices soar by 236 percent

Rubber prices soar by 236 percent

THE PRICE of dry rubber has increased by more than 236 percent year-on-year in the Kingdom, according to a report by Cambodia’s General Directorate of Rubber.

According to an organisation paper, obtained Sunday, the price of rubber sold to international markets this month reached US$3,700 per tonne. In April last year, rubber was sold for only $1,100 per tonne, with a 2009 market high of $3,000 per tonne.

Ly Phalla, director general of the General Directorate of Rubber, said Sunday that such sharp increase in rubber prices has not been seen for 60 years. It has resulted from demand outstripping supply, he said.

Last year, because of the unfavourable weather and unusual heavy rainfall in major producing areas such as Thailand, Indonesia and Malaysia, world production decreased around 6 percent.

“We hope that the price of dry rubber will keep on increasing,” added Ly Phalla.

Mork Kim Hong, president of Cambodian Rubber Association, said: “I believe that the increase in rubber price will help encourage Cambodia, which still has a small number of rubber plantations, to grow more and more rubber trees."

So far, much of Cambodia’s 130,000 hectares of rubber cultivation consists of young crops, which have not yet yielded. In 2009, the Ministry of Agriculture, Forestry and Fisheries reported that Cambodia produced 37,000 tonnes of rubber, 36,000 tonnes of which was exported.


  • Kak Channthy, Cambodian Space Project frontwoman, killed in crash at 38 [Updated]

    Updated 5:05pm, Tuesday, March 20, 2018 Kak Channthy, frontwoman of popular The Cambodian Space Project, was killed Tuesday morning in a traffic accident in Phnom Penh. She was 38. Channthy, the internationally recognised singer-songwriter also known as “Srey Thy”, was reportedly travelling in a tuk-tuk on the city's

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Peeling back layers of prehistory in Battambang

    When the man passed away, he had not yet reached 50. He belonged to a tribe that had settled near the Sangker River in Battambang province, likely cultivating the fields and raising animals. On the side, they hunted for boars, and even turtles, one of which