Vietnam earns US$392 mln from rubber export in two months

Vietnam shipped abroad an estimated 193,000 tonnes of rubber for US$392 million in the first two months of this year.

The figures represent increase of 25.4 percent in volume and 2.4 times in value against the same period last year.

According to the Ministry of Agriculture and Rural Development, domestic rubber market recorded signals of recovery as rubber prices remarkably increased in February this year in line with the world trend.

The average export price in January was almost 1,922 USD per tonne, a year-on-year increase of 70.6 percent.

Enterprises attributed the situation to the recovery of oil prices in the world market, and the negative impacts of the weather, which made rubber output drop.

Domestic rubber firms have adjusted up the purchase price of rubber latex in line with the tendency in the Tokyo Commodity Exchange of Japan.


Add new comment

Related

Vietnam Rubber Group to make IPO in second quarter
Vietnam Rubber Group to make IPO in second quarter

The Vietnam Rubber Group (VBG) will hold an initial public offering (IPO) in the second quarter of 2017, said General Director Tran Ngoc Thuan.

Vietnam Rubber Group to make IPO in second quarter

Vietnam Rubber Group to make IPO in second quarter

The Vietnam Rubber Group (VBG) will hold an initial public offering (IPO) in the second quarter of 2017, said General Director Tran Ngoc Thuan.

Way too much supply deflating natural rubber market
Way too much supply deflating natural rubber market

VOV.VN - The global natural rubber market is currently starting its fifth year of surplus that is creating excessive stockpiles of inventory and contributing to a steady fall in prices, says the Vietnam Rubber Association.

Way too much supply deflating natural rubber market

Way too much supply deflating natural rubber market

VOV.VN - The global natural rubber market is currently starting its fifth year of surplus that is creating excessive stockpiles of inventory and contributing to a steady fall in prices, says the Vietnam Rubber Association.

VRG plants 90,000 hectares of rubber in Cambodia so far
VRG plants 90,000 hectares of rubber in Cambodia so far

The Vietnam Rubber Group (VRG) has planted more than 90,000 hectares of rubber trees in Cambodia in the past 10 years, 1,900 hectares of which have been producing latex.

VRG plants 90,000 hectares of rubber in Cambodia so far

VRG plants 90,000 hectares of rubber in Cambodia so far

The Vietnam Rubber Group (VRG) has planted more than 90,000 hectares of rubber trees in Cambodia in the past 10 years, 1,900 hectares of which have been producing latex.