Rubber decline stokes worry
The government and industry insiders are worried about the steady decline of rubber prices over the last three years, during which the area it is cultivated in has grown. “Farmers and investors raised concern . . . over the trend of the market and the price of natural rubber, which has fallen from more than $4,500 per ton on average in 2011 to between $1,800 and $2,000 per ton in 2013,” Minister of Agriculture Ouk Rabun said on Friday during an annual meeting. Rabun said that the rubber industry in almost all of Cambodia’s provinces is expanding, and the cultivation area has increased by 17 per cent last year when compared to 2012. …
Chan Muyhong
http://www.phnompenhpost.com/business/rubber-decline-stokes-worry
