Price for natural rubber latex strongly increases

The price trend for fresh natural and finished rubber latex has strongly increased since the end of  2016.

Price for natural rubber latex strongly increases

Particularly, a kilogram of natural rubber latex is currently purchased at VND 12,500, an increase of VND 2,200 in Dong Nai province.
Meanwhile, the Loc Ninh Rubber Company in Binh Phuoc province posted up its rubber latex price at VND 17,400 a kilogram and dry elastic price being at VND 15,400 a kilogram.
The Phuoc Hoa Rubber Company also buys finished rubber latex with VND 53,000 per kilogram, doubling that in midyear of 2016 and increasing by 10-13 percent compared to the two previous months.
The output reduction has made the world rubber price to increase by 20 percent compared to the bottom level in June, 2016.
The  increase of rubber price is due to long–lasting rainy season which caused output reduction in Thailand who had held nearly 40 percent of the world natural rubber in the end of 2016.

By Xuan Trung- Translated by Huyen Huong

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