Rubber industry: exports up, but prices down.

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Rubber industry: exports up, but prices down.

Post by 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/
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Re: Rubber industry: exports up, but prices down.

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

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

Post by 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.]
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Re: Rubber industry: exports up, but prices down.

Post by willyhilly » Tue May 30, 2017 3:22 am

So much forest was felled for the super crop, rubber. Now not worth harvesting-good.
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Re: Rubber industry: exports up, but prices down.

Post by Duncan » Tue May 30, 2017 7:29 am

Looks like using rubbers when having sex is going out of fashion.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
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Re: Rubber industry: exports up, but prices down.

Post by CEOCambodiaNews » Wed Jan 03, 2018 11:03 pm

January 2, 2018
Despite volatile prices, rubber exports rise by 37 percent
- Shipments of Cambodian rubber abroad increased by nearly 36 percent in 2017, amounting to 190,000 tonnes, according to a senior official at the general directorate of rubber.

Pol Sopha, the director-general of the general directorate of rubber at the Ministry of Agriculture, told Khmer Times that in 2017 Cambodia exported 50,000 more tonnes of rubber than in the year before.

“The amount of rubber exports continue to increase every year, with our biggest markets being Vietnam, Malaysia, Singapore and China,” he said, noting also that land used for rubber plantations is also on the rise, with 7,000 hectares across the country dedicated to the commodity.

Mr Sopha said rubber has been facing very unstable prices in the international market. In the last months of 2016, a tonne was selling for $1,700, but from January to March of 2017 it was being traded at $2,200. In December 2017, the price went down to $1,600...
http://www.khmertimeskh.com/5099247/des ... 7-percent/
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Re: Rubber industry: exports up, but prices down.

Post by pczz » Thu Jan 04, 2018 12:06 am

Duncan wrote:
Tue May 30, 2017 7:29 am
Looks like using rubbers when having sex is going out of fashion.
Was it ever in fashion 8)
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Re: Rubber industry: exports up, but prices down.

Post by CEOCambodiaNews » Sun Mar 18, 2018 9:29 am

Cambodia Exports Nearly 30,000 Tons of Rubber
18/03/18 09:26
Phnom Penh (FN), March 17 - Cambodia has exported nearly 30,000 tons of rubber within the first two months of 2018, amounted to $40 million, according to the official report of the General Department of Rubber, Ministry of Agriculture, Forestry and Fisheries on Friday.

Cambodia has exported only 9,643 tons of rubber in February, a decrease of 49% compared to February 2017. The average price of rubber is $1,521 per ton. In total, Cambodia earned $14 million.

Cambodia has exported 18,783 tons of rubber in January 2018, an increase of 32% compared to January 2017. The average price of rubber is $1,440 per ton. In total, Cambodia profited $27 million.

Cambodia has 436,340 hectares of rubber plantations. So far, we harvested 170,230 hectares of rubber, an equivalent to 39%, and the remaining is 266,109 hectares.

The government has set a goal to produce 290,000 tons of rubber by 2020.

Cambodia ranked the 16th largest natural rubber producers in the world.
=FRESH NEWS
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Re: Rubber industry: exports up, but prices down.

Post by CEOCambodiaNews » Sun Apr 29, 2018 10:11 pm

The tendency of Exports Up, Prices Down continues to hamper the Cambodian rubber market.

Rubber exports grow slightly as prices fall
26 Apr 2018
Exports of rubber rose moderately during the first three months of the year, as the market for the commodity continues to be hampered by unstable prices.

During the first quarter of 2018, rubber exports grew by just 880 tonnes, reaching a total of 25,416 tonnes. During that same period, the price of the commodity decreased.

“Due to the current situation, the price of rubber in the international market is not stable, and farmers and rubber producers are taking a hit,” said Pol Sopha, director-general of the general directorate of rubber.

Lim Heng, vice-president of An Mady Group, expressed similar concerns.

“With the cost of production being very high in Cambodia, a low price is bad news for farmers and producers, who won’t be able to make a profit,” he said.
http://www.tourismcambodia.com/news/loc ... s-fall.htm
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