Vietnam to join in Southeast Asian rubber trading floor

According to talks between Minister of Agriculture and Rural Development of Vietnam and Thailand Minister of Agriculture & Cooperatives , both Vietnam and Thailand have proposed establishment of trading network between Southeast Asian rubber producers, aiming to actively control their own export rubber prices and fix export general rubber prices on the world market.

Currently, Thailand, Malaysia and Indonesia have agreed to participate in the trading network, inviting Vietnam, Laos, Cambodia and Myanmar to join them. Through the regional trading floor, seven countries are expected to control their own export rubber prices, and have own rubber-trading floor. Accordingly, in Vietnam, the trading floor may be opened in the central city of Da Nang.

In the recent years, rubber price has decreased rapidly. The selling price is even lower than product price, making many difficulties and challenges for the rubber producing countries in Southeast Asian region in general and Vietnam in particular.

By P. Duy- Translated by Huyen Huong

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