Logo of Phnom Penh Post newspaper Phnom Penh Post - Rubber market bouncing back up

Rubber market bouncing back up

Content image - Phnom Penh Post
The average price of rubber during this period was $1,585 per tonnes, indicating a minor decrease over the same period last year. YOUSOS APDOULRASHIM

Rubber market bouncing back up

Cambodia exported more than 48,000 tonnes of rubber to international markets in the first two months of the year, an increase of six per cent compared to the same period last year, netting more than $76 million, according to data released by the Ministry of Agriculture, Forestry and Fishery’s General Directorate of Rubber.

The directorate said the total export in January and February was 48,509 tonnes, raking in $76.88 million. The average price of rubber during this period was $1,585 per tonnes, indicating a minor decrease over the same period last year.

During the same period, 808 cubic metres of rubber wood worth $355,946 was exported, an increase of 66 per cent.

Lim Heng, vice-president of the Cambodia Chamber of Commerce, told The Post that in recent years, investment in rubber showed little progress because the price of Cambodian rubber is based entirely on international markets. Cambodia’s data is therefore based entirely on export figures. These two factors mean rubber has not been an attractive investment.

He said, however, that the establishment of a tyre factory by Cart Tire Co, Ltd – for export to international markets in 2021 – has led to a gradual rise in investment.

“We expect that new investment in vehicle tyres and the opening of the car manufacturing market segment in Cambodia will increase demand for rubber, with a corresponding increase in the price of raw materials,” he said.

According to the directorate, the Kingdom has 404,044ha dedicated to rubber production, with 310,193ha of productive ground and 93,851ha to maintain the plantations.

Agriculture minister Veng Sakhon said during his ministry’s annual meeting on March 23 that Cambodia earned more than $610 million from the export of rubber and rubber wood to international markets.


  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and

  • Thai boxers to join SEA Games’ Kun Khmer event

    The Cambodian SEA Games Organising Committee (CAMSOC) – together with the Kun Khmer International Federation (KKIF) and Khmer Boxing Federation – have achieved a “great success” by including Kun Khmer in the upcoming biennial multi-sports event on its home soil for the first time, said a senior

  • Bullets to bracelets: Siem Reap man makes waste from war wearable

    Jewellery is often made from valuable gemstones like emeralds or diamonds and precious metals like gold or silver, or valueless things like animal horns. But a man in Siem Reap has approached the manufacture of delicate pieces from a different angle. His unique form of

  • 61% of 2022 imports came from just 3 markets

    The three largest exporters to Cambodia – mainland China, Vietnam and Thailand – accounted for 60.94 per cent of the Kingdom’s total merchandise imports last year, at $18.245 billion, which was up 11.99 per cent over 2021, according to the General Department of Customs and Excise. Cambodia’s total imports