PHNOM PENH (Commodity Online) : Cambodia’s General Directorate of Rubber said the price of dry rubber has increased by more than 236 percent year-on-year in the country.
Such sharp increase in rubber prices has not been seen for 60 years. It has resulted from demand outstripping supply, it said in a report.
The price of rubber sold to international markets this month reached $3,700 per tonne.In April last year, rubber was sold for only $1,100 per tonne, with a 2009 market high of $3,000 per tonne.
Last year, because of the unfavourable weather and unusual heavy rainfall in major producing areas such as Thailand, Indonesia and Malaysia, world production decreased around 6 percent.
So far, much of Cambodia’s 130,000 hectares of rubber cultivation consists of young crops, which have not yet yielded.
In 2009, the Ministry of Agriculture, Forestry and Fisheries reported that Cambodia produced 37,000 tonnes of rubber, 36,000 tonnes of which was exported.
Such sharp increase in rubber prices has not been seen for 60 years. It has resulted from demand outstripping supply, it said in a report.
The price of rubber sold to international markets this month reached $3,700 per tonne.In April last year, rubber was sold for only $1,100 per tonne, with a 2009 market high of $3,000 per tonne.
Last year, because of the unfavourable weather and unusual heavy rainfall in major producing areas such as Thailand, Indonesia and Malaysia, world production decreased around 6 percent.
So far, much of Cambodia’s 130,000 hectares of rubber cultivation consists of young crops, which have not yet yielded.
In 2009, the Ministry of Agriculture, Forestry and Fisheries reported that Cambodia produced 37,000 tonnes of rubber, 36,000 tonnes of which was exported.
7 comments:
Government is wrong to allow Yuon companies to raise rubber in Cambodia, instead of create job for Khmers it gives them to Yuons..
wait and see while yuon got every things in cambodia they will raise up the price up as china leader of market in asean .khmer will be big lost.
Hem Heng, ambassador from Cambodia to US is new Khmer like Mrs You Ah ambassador to Bangkok and they made from Srok Yuon. Yuon are the most EVILS ever live, worse than Hitler and tahn animal in the jungle.
Yuon are the killers of Khmers of Laos and of Thais now is happening. Yuon created chaos in Thailand.
Yuon forced Khmers to build the canal then shot Khmers after they finished; Yuon killed Khmers by buring Khmers alive with 3 heads for Dam Tae Ong.
Yuon are being cursed and Yuon will be punished for the most unhumane and will be driven back to HELL by the power of GOD.
It means that Hun Sen's pocketbook will rise by 236% as well.
The Obamas filed their income Tax at 5 million this year. The Hun Sen if income taxes are filed like in U.S would exceede over 10 million a year.
1.) Bribe from brothels
2.) Bribe from land concessions
3.) Bribe from oil explorations
4.) Bribe from drug lords
5.) Bribe from no good money titled okhnas and ministers
6.) Bribe from national heritage
7.) Bribe, Bribe, Bribe
11;39pm.
Why do you compare the people who live in a civilized country where people mostly obey the law to the people in power in Cambodia respect no law?
ah Kvak Hun Sen respect no shit laws, he is ah thief from low class family that brainwashed by Yuon.
What would be the next high price increase?
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