While the price of dry rubbers spikes in global market, classified as grade 1 of 10 costing USD3,687.50 per tonne last week but Cambodia’s rubber companies missed out on the benefits from it because mostly Cambodia had exported exclusively to Vietnam.
According to the Malaysian Rubber’s figure, the price of rubbers classified as grade 1 worth USD3,687.50 per tonne, grade 10 rubber reached USD2,868 per tonne last week.
The Cambodia Import, Export, Inspection and Fraud Repression Department- CamControl released official statistics by showing that during the first five months of this year, Cambodian rubber exports were down more than 34 percent in comparison with the same period of 2009.
The amount of rubbers exported dropped during the first five months because of harsh weather for reducing production.
At the present, there are 14 Vietnamese companies planting rubbers in Mondulkiri, Ratanakiri, Kampong Thom, Kratie and Preah Vihear provinces where they received 100,000 hectares in land concessions from Cambodia’s government in September 2009 because Cambodia wants to raise the rubber production to 150,000 hectares by 2015.
Vietnamese companies planted rubber on 10,000 hectares of land in Cambodia last year and planed to add 20,000 more by the end of 2010, some 30,000 hectares in 2011 and 40,000 hectares in 2012, according to the memorandum.
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