Vietnamese rubber export prices increase slightly
27/6/2005 15:32
Export prices of Vietnamese rubber are now more than US$1,392 per ton, up
around 7.3 percent against last month, the Vietnam Rubber Association said
Monday.
Due to the higher prices, partly due to higher demand from China, the
United States, Japan and South Korea, Vietnam is expected to earn US$600 million
from shipping abroad 400, 000 tons of rubber this year, the association said,
noting that the country exported 495,000 tons of the product worth US$579
million last year.
Vietnam supplied 154,000 tons of rubber worth US$184
million to the world market, mainly China, South Korea and Germany, in the first
five months of this year, recording year-on-year respective rises of 9 percent
and 13.2 percent.
The country plans to increase its rubber tree acreage to
700, 000 hectares with dried latex output of some 520,000 tons in 2010 from
current 500,000 hectares, and build more rubber processing plants in the coming
years, the association said.
Xinhua News
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