Logo of Phnom Penh Post newspaper Phnom Penh Post - Natural rubber exports retain bounce during Covid-19 crisis

Natural rubber exports retain bounce during Covid-19 crisis

Content image - Phnom Penh Post
The Kingdom exported 18,604 tonnes of natural rubber to the international market last month, up 58 per cent from 11,751 tonnes in March. POST STAFF

Natural rubber exports retain bounce during Covid-19 crisis

Cambodia exported $22.17 million worth of natural rubber to the international market last month, gaining 6.3 per cent over April 2019’s $20.85 million, said a Ministry of Agriculture, Forestry and Fisheries report.

By volume, the exports increased 21.73 per cent from 15,282 tonnes in April last year to last month’s 18,604 tonnes, at an average per-tonne value of $1,192, down 12.67 per cent year-on-year from $1,365, it said.

Pol Sopha, the director-general of the ministry’s General Directorate of Rubber, told The Post on Tuesday that natural rubber exports had avoided the worst of the pandemic, which has led to a global economic crisis and has disrupted the supply chains of commodities around the world.

The volume of the Kingdom’s natural rubber exports increased 58 per cent from 11,751 tonnes in March, he said, noting that prices on the international market have tumbled.

“The value of our exports has been rising because of our high volume of production,” said Sopha.

The demand for natural rubber on the international market will continue to grow through 2024-2025, he said, citing an undisclosed “expert study”. Exports are expected to grow until 2025, as rubber cultivation area in the Kingdom continues to expand.

In March, the government reduced taxes on rubber exports to minimise the impact of international price shocks.

A sub-decree signed by Prime Minister Hun Sen on Sunday stipulates that exports of rubber valued under $1,400 per tonne are not taxable. Shipments valued between $1,400 and $3,500 per tonne will be taxed $25 to $200 per tonne.

Latex prices will continue to decline to next year, said a report by Research and Markets. China consumes the most natural rubber in the world or 41 per cent of the global total.

Last year, Cambodia exported 282,071 tonnes of natural rubber worth $377 million, a 30 per cent increase over 2018, ministry data shows. A total of 247,144ha were harvested, out of the 406,142ha available for the cultivation of natural rubber trees in the Kingdom.

Sopha said: “The area for natural rubber cultivation in 2020 has not changed much from 2019, but more than 310,000ha has been harvested this year.”

MOST VIEWED

  • Kingdom's Covid cluster cases jump to 194

    The Ministry of Health on February 25 confirmed 65 new cases of Covid-19, with 58 linked to the February 20 community transmission. The latest cluster cases include nine Vietnamese nationals, five Cambodians, one each from Korea, Singapore and Japan, with the rest being Chinese. This brings the total number

  • Locations shut, dozens more Covid-19 positive

    The Ministry of Health has closed 23 locations in connection with the February 20 community transmission of Covid-19 and summoned for testing anyone who had direct contact with affected people and places. The number of discovered related infections has risen to 76, including 39 women. In a press release,

  • Cambodia's Covid cluster cases rise to 137

    The Ministry of Health on February 24 recorded 40 more cases of Covid-19, with 38 linked to the February 20 community transmission. Of the 40, two are imported cases involving Chinese passengers. The 38 include two Vietnamese nationals and one Cambodian, with the rest being Chinese. This brings the total cases

  • Covid cluster raises alarm, health bodies urge vigilance

    The Ministry of Health and the World Health Organisation (WHO) in Cambodia have expressed great concern over the February 20 cluster transmission of Covid-19 in the community. Both entities appealed for vigilance and cooperation in curbing further spread of the virus. Ministry spokeswoman Or Vandine said

  • PM confirms third Covid-19 community transmission

    Prime Minister Hun Sen on February 20 announced the Kingdom's third outbreak of Covid-19 community transmission after 32 people tested positive in just over 10 hours. Addressing the public from his residence after an emergency meeting, Hun Sen said: "I dub it February 20 Community Event, in which 32 cases

  • Cambodia's cluster cases jump to 259

    The Ministry of Health on February 27 recorded 26 more cases of Covid-19 linked to the February 20 community transmission, bringing the total to 259 in one week. The 26 include three Vietnamese nationals and one Cambodian, with the rest being Chinese. The ministry noted that five of the Chinese