Rubber latex prices up to VND 42 million per ton

Prices for fresh natural rubber latex have raised from VND 36 million to VND 42 million a ton in provinces of Binh Phuoc, Binh Duong and Tay Ninh from since October, an increase of 80 percent compared to the same period last year.

(Photo:SGGP)

Rubber processing enterprises of the southeastern region said that  farmers have earned profit with the current price after long- lasting low rubber latex prices.

The prices have started rising as the four biggest rubber export countries as Vietnam, Thailand, Cambodia and Malaysia reduced production output; and man- made mineral oil prices increased.

According to the Ministry of Agriculture and Rural Development, total export turnover of the fresh natural rubber of Vietnam reached US$ 1.66 billion.

And, total export turnover of Vietnam from rubber products such as tire, accessories and conveyor belt reached US$ 1.5 billion and products from rubber tree wood earned US$ 1.2 billion.

By Duc Trung- Translated by Huyen Huong

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