Logo of Phnom Penh Post newspaper Phnom Penh Post - Nearly $100M logged in Jan-Apr rubber exports

Nearly $100M logged in Jan-Apr rubber exports

Content image - Phnom Penh Post
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

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.

The average price of Cambodian rubber at Vietnamese ports stands at about $1,800 per tonne, up from more than $1,400 in the year-ago period, he said.

"The reason for the increase in revenue from Cambodia's rubber exports is because prices were higher earlier this year," Sopheak said, adding that he was unaware of a notable expansion in rubber cultivation area in recent years.

He said his company's January-April exports were on pace with last year.

Heng Piseth, head of the Department of Agriculture, Forestry and Fisheries in Tbong Khmum province, which boasts 78,000ha in rubber plantation area, said investment in rubber planting had left much to be desired, with some families and companies even turning to cashew nuts or bananas.

He said rubber yields in the province will likely match last year's figures.

"The price at which traders and companies buy rubber from farmers this year is slightly higher due to higher demand in the international market," Piseth said.

Rubber plantations in Cambodia cover a total of 404,159ha, according to the General Department of Rubber. Of this, 292,497ha (72 per cent) are tapped for latex, while 111,663ha (28 per cent) are “under maintenance”, or in their immature phase yet to deliver a first harvest.

And according to the ministry, the Kingdom exported more than 350,000 tonnes of rubber last year, earning more than $482 million, with most bound for China, Vietnam, Singapore and Malaysia.

MOST VIEWED

  • Angkor lifetime pass, special Siem Reap travel offers planned

    The Ministry of Tourism plans to introduce a convenient, single lifetime pass for foreign travellers to visit Angkor Archaeological Park and potentially other areas. The move is designed to stimulate tourism to the culturally rich province of Siem Reap as the start of the “Visit

  • Bosba: The first Khmer woman composer from UK’s Cambridge

    Bosba Panh is just 25 years old, but she’s already accomplished some impressive milestones for herself and the Kingdom. On July 24, she graduated with a Master’s degree from the University of Cambridge as the first Khmer woman composer and Khmer music graduate ever at

  • Pailin longan winery tries to break through to the big time

    Longan aren’t quite as glamorous as some fruits. They don’t have the star-power of mangos or generate the excitement of a pricey seasonal niche fruit like the pungent durian. Unlike bananas or oranges, which are known and loved everywhere, longan remains a decidedly

  • Debt restructuring over, time to tackle rising NPL ratio

    The Cambodian banking system has just completed a 26-month debt restructuring exercise where scores of loan accounts were revised, classified and provisioned as the rate of non-performing loans inched up, sparking a slight credit risk unease Implemented in April 2020, the Covid-19 debt restructuring measures came

  • Recap of this year’s ASEAN FM meet and look ahead

    This year’s edition of the ASEAN Foreign Ministers’ Meeting (AMM) hosted by Cambodia comes against the backdrop of heightened global tensions and increasing rivalry between major powers that have been compared to the animosity of the Cold War era. The following is The Post’

  • Koh Slaket studio resort brings culture with style

    Davitra (Cambodia) Co Ltd’s multi-million-dollar 13ha Koh Slaket studio-cum-resort just east of the capital was inaugurated in the first phase on August 6, providing national and international tourists with a new travel option and job opportunities for locals. The man-made cultural and scenic lakefront getaway