Vietnam exported 70,000 tonnes of rubber in January, worth US$250 million, a year-on-year increase of 30 percent in volume and 90 percent in value, according to a report by the Ministry of Agriculture and Rural Development (MARD).
The price of rubber is expected to be stable by May. The current global price stands at US$5,000 per tonne, doubling that of the same period last year, while in the domestic market, rubber for export has also reached a similar figure.
Vietnam plans to enlarge its rubber plantation area by 5,000ha this year and produce a total of 780,000 tonnes, and earn US$2.5-2.7 billion from rubber exports, Le Quang Thung, chairman of the Vietnam Rubber Association (VRA) estimated.
Rubber processors need to take advantage of the high price to renew technology and equipment, and improve product quality with a view to diversifying their export markets and enhancing their product value, according to VRA.
Vietnam plans to enlarge its rubber plantation area by 5,000ha this year and produce a total of 780,000 tonnes, and earn US$2.5-2.7 billion from rubber exports, Le Quang Thung, chairman of the Vietnam Rubber Association (VRA) estimated.
Rubber processors need to take advantage of the high price to renew technology and equipment, and improve product quality with a view to diversifying their export markets and enhancing their product value, according to VRA.
Đăng ẩn
Tắt
Add new comment