Vietnam’s rubber exports are likely to reach US$1.5 billion in 2008, according to the Vietnam Rubber Association.
Despite the decrease in the global oil prices, the price of rubber still remains high at US$2,800 – US$3,000 per tonne.
Experts say that rubber processors and growers will make a big profit this year as it costs them only US$1,800 to produce a tonne of rubber. In the first half of this year, Vietnamese businesses exported 236,252 tonnes of rubber, earning nearly US$600 million. Currently, south-eastern, central highland and other central regions are harvesting rubber.
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