Rubber industry: exports up, but prices down.

Whether you're a working stiff or a business owner yourself, this is the place to discuss all aspects of financing your drinking habit ;-)

NO BUSINESS SALES HERE PLEASE, WE HAVE A SECTION FOR THAT IN THE CLASSIFIEDS.
User avatar
CEOCambodiaNews
Expatriate
Posts: 5351
Joined: Sun Oct 12, 2014 5:13 am
Location: CEO Newsroom

Rubber industry: exports up, but prices down.

Postby CEOCambodiaNews » Sun Oct 23, 2016 1:24 pm

Exporting more rubber, but at a loss, is it viable ?

Rubber Exports Keep Rising

Rubber exports have continued to rise in the first nine months of the year, despite the fall and current stagnation of prices as global demand continues to stall, according to the Ministry of Agriculture, Forestry and Fisheries (MAFF).

Data released this week by MAFF show that exports until September were 82,825 tons, up almost 11 percent from the same period last year. MAFF’s data also shows that the number of hectares under cultivation has also continued to rise.

An official at the Association for Rubber Development in Cambodia, who declined to give his name, told Khmer Times that this increase in exports was not surprising, but the low prices continue to worry the industry.
“It is not a big deal because the increase in exports results from the increase in plantation area from which we can collect the latex. For the rubber industry we always keep exporting even though the price declines as to we need to get money for our operations, even if we are currently selling at a loss.”...

http://www.khmertimeskh.com/news/31095/ ... ep-rising/
Cambodia Expats Online helping you stay connected to news and current events in Cambodia and surrounding areas.
User avatar
CEOCambodiaNews
Expatriate
Posts: 5351
Joined: Sun Oct 12, 2014 5:13 am
Location: CEO Newsroom

Re: Rubber industry: exports up, but prices down.

Postby CEOCambodiaNews » Fri Oct 28, 2016 6:57 pm

Article from the PPP on Cambodia's rubber industry at a time when global prices are down:

Waiting to tap rubber’s rebound
Fri, 28 October 2016
Kali Kotoski and Cheng Sokhorng

The large-scale rubber plantations that arrived in force in Cambodia a decade ago as global rubber prices moved to historic peaks are facing sober prospects as trees they planted before the commodity’s prices headed south begin to reach maturity.

While international rubber prices have been slowly rising on a slight pick-up in demand from China, the world’s top consumer, a plantation owner said yesterday that the current $1,450 per tonne is not enough for large-scale producers to recoup their massive capital investment. He said that until rubber passes the $2,000 per tonne mark, it did not make economic sense to begin large-scale production...
http://www.phnompenhpost.com/business/w ... rs-rebound
Cambodia Expats Online helping you stay connected to news and current events in Cambodia and surrounding areas.
User avatar
CEOCambodiaNews
Expatriate
Posts: 5351
Joined: Sun Oct 12, 2014 5:13 am
Location: CEO Newsroom

Re: Rubber industry: exports up, but prices down.

Postby CEOCambodiaNews » Sat Dec 24, 2016 11:56 am

Is rubber bouncing back ? Cambodian exports are up, production is increasing, and global prices are rising...

Recently, rubber prices on the global commodities market have been expected to rise to $2,500 per ton due to the improved state of the world economy and efforts by four major rubber producing countries – Vietnam, Thailand, Indonesia and Malaysia – to cut back supply.
According to the Ministry of Agriculture’s figures as of September this year, Cambodia exported 82,825 tons of rubber – up almost 11 percent compared with the same period last year.
The ministry’s figures also show that the number of rubber plantations continues to rise – mostly in the northeast provinces of Mondulkiri and Rattanakiri.
According to the ministry, total rubber plantation areas reached 402,310 hectares in September, far ahead of the government’s target of 400,000 hectares by 2020.
Source: Khmer Times
Cambodia Expats Online helping you stay connected to news and current events in Cambodia and surrounding areas.
User avatar
CEOCambodiaNews
Expatriate
Posts: 5351
Joined: Sun Oct 12, 2014 5:13 am
Location: CEO Newsroom

Re: Rubber industry: exports up, but prices down.

Postby CEOCambodiaNews » Sat Apr 29, 2017 3:46 am

Rubber prices soar by 132pct
Thu, 27 April 2017

Cambodian rubber exports increased 32 percent during the first three months of the year compared with the same period last year, while prices grew 132 percent during the first quarter, an agriculture official said yesterday.

The Kingdom exported 32,000 tonnes of rubber in the first quarter of 2017 with average prices reaching $2,032 per tonne, compared to $890 in the first quarter of 2016, according to Pol Sopha, general director of the General Directorate for rubber at the Ministry of Agriculture.

Sopha said Cambodia exported rubber to Vietnam, China, Malaysia and Singapore. He added that total rubber cultivations grew to over 430,000 hectares, with projections that it would reach 440,000 by the end of the year, though only 130,000 hectares have active rubber producing crops..
http://www.phnompenhpost.com/business/r ... oar-132pct

Image
Rubber plantation. [istock photos.]
Cambodia Expats Online helping you stay connected to news and current events in Cambodia and surrounding areas.

  • Similar Topics
    Replies
    Views
    Last post

Return to “Business and Finance”



Who is online

Users browsing this forum: No registered users and 1 guest