October 17, 2011

Cambodia's rubber exports up 67 pct in 9 months


PHNOM PENH (Xinhua) -- Cambodia has seen an increase of 67 percent in the exports of rubber latex in the first nine months of this year, compared with the same period a year ago, according to the statistics from the Commerce Ministry on Monday.

The data recorded that from January to September this year, the country had exported a total of 35,000 tons of rubber latex, 67 percent rise from 21,000 tons at the same period last year.

The country earned the total revenues of 160 million U.S. dollars during the first nine months of this year, 186 percent rise from 55.9 million U.S. dollars it earned within the same period last year, it added.

A ton of good quality rubber latex is about 4,100 U.S. dollars on Monday, said Heng Sreng, deputy director of Long Sreng International and president of the Boeung Keth Rubber Plantation in Kampong Cham province.

Cambodia's rubber latex has been exported to Malaysia, Vietnam, China and South Korea, he added.
Currently, the country has grown approximately 210,000 hectares of rubber plantations, most of them are young crops, which have not yet yielded, according to the statistics of the Agriculture Ministry's Rubber Department.

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.

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