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Increasing prices drive Kingdom’s rubber

Increasing prices drive Kingdom’s rubber

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Rubber production in early 2012 increased 21 per cent when compared to the end of 2011, according to Mak Kim Hong, president of the Cambodian Rubber Association.

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He said yesterday that the price of one tonne of good-quality rubber rose to US$3,800 in early 2012, compared to $3,150 late last year.

Total exports last year reached 46,727 tonnes and $200.93 million, a more than 55 per cent increase from 2010’s 30,040 tonnes at $86.76 million, according to date from the Ministry of Commerce.

Cambodia is the main rubber supplier to China, Malaysia and Singapore.

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