Latex exports rise, revenues fall

Cambodia’s total rubber latex exports rose by 12 per cent in the first nine months of this year, according to new figures. However, revenues from the exports saw a dramatic 27 per cent decrease due to a fall in rubber prices in the international market, particularly in China. An industry representative said the sharp decline in the price of rubber was mainly due to the Euro zone financial crisis, which hit the tyre industry very hard. According to data from the Ministry of Commerce, Cambodia exported 39,360 tonnes of rubber latex between January and September this year, up 12 per cent from 35,080 tonnes over the same period last year. …

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