July 27, 2011

Cambodia's Exports of Rubber Latex See Sharp Rise in First Half


Cambodia has seen 84 percent rise in the exports of rubber latex in the first half of this year, compared with the same period a year ago, according to the statistics from the Commerce Ministry's Camcontrol Department, which is the government's Import-Export Inspection Agent, on Wednesday.

The data recorded that from January to June this year, the country had exported a total 21,511 tons of rubber latex, 84 percent rise from 11,665 tons at the same period last year.

The country earned the total revenues of 102 million U.S. dollars during the first half of this year, 234 percent rise from 30.5 million U.S. dollars it earned within the same period last year, it added.

A ton of good quality rubber latex is about 4,475 U.S. dollars now, up from about 3,450 U.S. dollars at this time last year, Mok Kim Hong, the president of the Chub Rubber Plantation in Kampong Cham province, said Wednesday.

Cambodia's rubber latex has been exported to Malaysia, Vietnam, and Singapore.

Currently, the country has grown approximately 181,450 hectares of rubber plantations, most of them are young crops, which have not yet yielded.

Rubber plantations are found grown mostly in the provinces of Kampong Cham, Kampong Thom, Mondulkiri, Ratanakiri, Kratie and Preah Vihear.

Vietnam is the leading country investing in rubber plantations in Cambodia with up to 100,000 hectares of concessional land from Cambodian government for this crop.

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