Rubber investments in Kingdom jump 255%
Investment in Cambodian rubber plantations increased by 255 per cent in 2011 on rising global demand for the commodity. There were 20 new projects worth US$675 million in the Kingdom last year, according to data from the Council for the Development of Cambodia. There were nine projects worth $190 million in 2010. … “I think [investors] see potential for making higher profit with rubber compared to other agricultural products, which don’t have a stable market. Rubber has mainly followed the global trend,” Ly Phalla, director-general of Cambodia’s General Directorate of Rubber, said yesterday.
