The gap between supply and demand in the international market drives the rapid development of the rubber industry in Cambodia

Update:01-06-2018
Summary:

The Ministry of Agriculture, Forestry and Fisheries of […]

The Ministry of Agriculture, Forestry and Fisheries of Cambodia reported that in the first eight months of this year, the export volume of Cambodian rubber was about 95,000 tons.
According to the report, the rubber industry in Cambodia still maintains its momentum of growth. In August this year, the average price of rubber was 1,472 US dollars per ton (970,174 yuan).

Officials from the Ministry of Agriculture, Forestry and Fisheries said that the price of rubber has also risen significantly this year. As for the total export volume of rubber in Cambodia, the rubber plantation in Cambodia can be rapidly increased, and the increase in demand in the international market has also led to a significant increase in rubber prices.

The main exports of Cambodian rubber are Vietnam, Malaysia, Singapore and China.
The rubber planting area in Cambodia has so far increased to about 430,000 hectares. Cambodia plans rubber part to expand rubber planting area to 500,000 hectares.

Industry officials pointed out that if compared with previous years, although the current price of rubber is relatively satisfactory, we have not yet fully reassured and we are still worried that prices will fluctuate.