Logo of Phnom Penh Post newspaper Phnom Penh Post - Rubber trade: Export dip offset by price growth

Rubber trade: Export dip offset by price growth

Rubber trade: Export dip offset by price growth

A 25 percent drop in the amount of rubber exported during the first half of 2010 has been offset by its surging price.

According to statistics from Cambodia Import Export Inspection and Fraud Repression unit CamControl, although only 11,665 tonnes of rubber were exported in the first six months of the year – down from 15,580 tonnes last year – the total value reached US$30.56 million, 43 percent more than the $21.43 million total for 2009.

Officials said reduced exports were linked to a drop in production from adverse climatic conditions, and the price of rubber rose due to a lack of supply.

Ly Phalla, director general of rubber department of Ministry of Agriculture, Fisheries and Forestry, said: “We’ve seen the price double. This is because of the changes in the global market.”

High-quality rubber cost an average of $1,187.57 per tonne for June, close to double the $624.09 average for June last year, according to prices on the Malaysian Rubber Exchange.

Mok Kim Hong, president of Chub Rubber Plantation in Kampong Cham province, said more than half the plantation had not produced the necessary sap for rubber because of hot weather. He exported 2,000 tonnes during the first half.

MOST VIEWED

  • Government hits back at threats to pull EBA, suspend UN seat

    The spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. Ignoring the ultimatum could mean facing

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment

  • Sar Kheng: Sokha requested security

    Interior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey

  • ‘Dire consequences’ from sanctions, warns AmCham

    American businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said