The price for one ton of fresh natural rubber latex has increased about VND2 million (US$89), according to rubber traders in the southeastern region.
|Workers harvest rubber latex in Binh Phuoc province (File photo: SGGP)|
A ton is now purchased at VND4.5-12 million, up VND1-2.5 million compared to early September, the traders said.
Some major natural rubber latex producing countries have reduced tapping because price has been too low. Sometimes it has accounted for only two thirds of present level.
The output reduction has sent the world rubber price to increase about 20 percent compared to bottom level in June.
In addition, China has increased rubber import to meet tire making demand.