Rubber Prices Plummet Despite Increase in Exports
Revenues generated from rubber exports dropped 25 percent to $41 million in the first four months of the year compared to the same period in 2011, as rubber prices on the international market plummeted, according to data released yesterday by the Ministry of Commerce. While rubber exports increased 8 percent from 11,800 tons to 12,800 tons during the same periods, prices fell steeply due to less demand, particularly from China. …
