Rubber price falls from 2012

Thanks to seasonal demand, the price of rubber has increased from 2012’s year-end prices. But it was still slightly lower than at this time last year, a rubber-plantation owner said yesterday. Mak Kimhong, president of the Cambodia Rubber Association and owner of the Chhop Rubber Plantation in Kampong Cham province, told the Post dried rubber prices had increased from about $2,700 a tonne in November and December to $3,100 a tonne this month. … In 2012, Cambodia exported 54,000 tonnes of dried rubber, up 16.6 per cent from 46,700 tonnes in 2011. The total value of 2012 exports, however, dropped 21.2 per cent to $158 million from $201 million in 2011, according to figures from the Ministry of Commerce. …

http://www.phnompenhpost.com/2013031361907/Business/rubber-price-falls-from-2012.html