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Cambodia's rubber exports down 8 pct in Q1

Xinhua, June 11, 2016 Adjust font size:

Cambodia exported 28,953 tons of dry rubber in the first quarter of 2016, down 8 percent from 31,476 tons over the same period last year, according to figures of the Ministry of Commerce out Saturday.

The Southeast Asian country earned a total revenue of 31 million U.S. dollars from dry rubber exports during the January-March period this year, down 26 percent from 42 million U.S. dollars over the same period last year, the figures said.

A ton of the best quality rubber goes for about 1,543 U.S. dollars on the international market this week, down 19 percent from 1,920 U.S. dollars at this time last year.

Cambodian rubber has been sold to Malaysia, Vietnam, China, South Korea, and some European countries.

According to an agricultural ministry report, by the end of 2015, Cambodia has planted rubber trees on the area of about 389,000 hectares in which some 111,232 hectares are old enough to be yielded. Enditem