Vietnam Rubber Export Foreseen to Rise to 930,000 Tons in 2012: MARD

Vietnam’s rubber export is expected to increase to 930,000 tonnes in 2012, up 14 percent from 2011, the local news provider http://bmt7.vn reported, citing figures from centre for Informatics and Statistics (Ministry of Agriculture and Rural Devevelopment).

Vietnam’s rubber export activities have been busy back although prices are still low in the Q1/2012 after almost being “paralysed” in the Q4/2011 as the Chinese traders have been back to the market, http://bmt7.vn said, adding that rubber prices have risen by 16.5 percent from early this year to $3,760/tonne.

Most of Vietnamese rubber is being exported to China via Mong Cai border gate in the northern province of Quang Ninh.

Traders expected rubber export to China to increase to 1,000 tonnes per day in May- June from current 600- 700 tonnes/day.

In Jan-April period, Vietnam was estimated to have exported a total of 258,000 tonnes of rubber for $754 million, up 30.4 percent in volume but down 12.9 percent in value from the same period last year, including 45,000 tonnes of export rubber for $130 million in April, http://bmt7.vn said, citing figures from the general Department of Vietnam Customs.

In 2011, Vietnam earned $3.23 billion from shipping 846,000 tonnes of rubber, according to the figure from the Ministry of Agriculture and Rural Development.

 

Category: Business