Logo of Phnom Penh Post newspaper Phnom Penh Post - Rubber exports stretch 17%

Rubber exports stretch 17%

Content image - Phnom Penh Post
Cambodia exported 97,175 tonnes of natural rubber in the first five months of this year, up 17 per cent year-on-year. POST STAFF

Rubber exports stretch 17%

Cambodia exported 97,175 tonnes of natural rubber in the first five months of this year, surging 17 per cent compared to the same period last year as the Covid-19 pandemic stretches on, Ministry of Agriculture, Forestry and Fisheries official Khuong Phalla told The Post on Thursday.

Phalla, who is the director of the General Directorate of Rubber’s Department of Administration and Legislation under the ministry, said the average per-tonne value of the exports during the first five months of this year was $1,314, but just $1,193 in May, which he said was up $5 or 0.42 per cent from $1,188 in April.

A ministry report, however, said the average per-tonne value of exports was $1,192 in April, which was down 12.67 per cent year-on-year from $1,365.

“We have not yet seen a significant change in demand for natural rubber due to the Covid-19 disease . . . rubber prices are not yet showing signs of a revival,” Phalla said, adding that China remains a major market for the Kingdom’s rubber.

He said a total of 250,107ha have been harvested, out of the 406,142ha of natural rubber trees planted in the Kingdom.

Heng Sreng, the general manager of rubber producer and exporter Long Sreng International Co Ltd, told The Post that his company exported a lukewarm 1,750 tonnes of rubber during the period to the Chinese and Vietnamese markets.

He said the export price of rubber was between $1,100 and $1,300 per tonne during the period. “Our exports performed as usual – we exported around 350 tonnes a month and the price of rubber did not change significantly.”

Long Sreng International owns the Boeung Ket Rubber Plantation in Stung Trang district’s Prek Kak commune in Kampong Cham province.

The government in March reduced taxes on rubber exports to minimise the impact of a fall in the international price of the commodity.

A sub-decree signed by Prime Minister Hun Sen on March 8 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.

Cambodia exported 282,071 tonnes of rubber last year, up 30 per cent from 217,501 tonnes in 2018, ministry data show. The exports were valued at $377 million last year, up 32 per cent from $286 million in 2018.

Latex prices will continue to decline until next year, said a report by Research and Markets. China is the world’s largest rubber consumer, accounting for 41 per cent of global total output.

Watch video:


  • Without shoes or a helmet, a young cyclist steals the show

    Pech Theara gripped the curved handlebars of his rusty old bike, planted his bare feet on its pedals and stormed as fast as he could towards the finish line. The odds were against him as the 13-year-old faced off against kids with nicer bikes at

  • Phnom Penh-Sihanoukville expressway on schedule

    The construction of the more than $1.9 billion Phnom Penh-Sihanoukville Expressway has not been delayed despite the Covid-19 pandemic, with more than 26 per cent of the project completed and expected to finish in about two years, according to Ministry of Public Works and Transport secretary of

  • Over 110 garment factories close

    A government official said on November 22 that at least 110 garment factories had closed in the first nine months of the year and left more than 55,000 workers without jobs – but union leaders worry those numbers could be much higher. Ministry of Labour and Vocational Training undersecretary

  • Singapore group seeks $14M in damages from PPSP over ‘breach of contract’

    Singapore-based Asiatic Group (Holdings) Ltd is seeking a minimum of $14.4 million relief from Cambodia Securities Exchange (CSX)-listed Phnom Penh Special Economic Zone Plc (PPSP) for allegedly breaching a power plant joint venture (JV) agreement. Asiatic Group’s wholly-owned Colben System Pte Ltd and 95 per

  • PM vows to protect Hun family

    Prime Minister Hun Sen has vowed to continue his fight against opposition politicians who he said intend to smash the Hun family. Without naming the politicians but apparently referring to former leaders of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), Hun Sen said there

  • Cambodia lauded for fight against Covid-19

    Cambodia has drawn global accolades for its handling of the Covid-19 pandemic, with a new report finding that the Kingdom has controlled the pandemic better than any other country in Asia. Dr Takeshi Kasai, director of the World Health Organisation’s (WHO) Western Pacific region,