Cambodian rubber exports surged 21 percent during the first half of the year, compared to the same period last year, the Ministry of Agriculture said on Sunday.
Local producers exported 84,419 tonnes of rubber during the first six months of this year, an increase of 14,376 tonnes compared to a year earlier, said Pol Sopha, director-general of the Rubber Department at the Ministry of Agriculture. Total rubber cultivation was also up, at 436,299 hectares.
Sopha said the price of rubber lowered during the first six months of the year, with the median export price on natural rubber falling 18.98 percent year-on-year to $1,434 per tonnes, he said.
‘Good potential’
While saying that rising cultivation and exports were good signs, he stressed that price fluctuations were mostly due to the international market, especially fears surrounding the mounting trade war between the US and China.
“Our challenge with rubber is over the fluctuating price. But our exports keep increasing and it will reach 220,000 tonnes by the end of year,” he said.
