Cambodia to expand rubber exports

Tag : Resin Rubber
Agri. & Commodities
Cambodia to expand rubber exports
PHNOM PENH (Xinhua): Cambodia will export some 50,000 tonnes ofdried rubber to the international market over the next year, aconspicuous rise over the current 30,000 tonnes a year, nationalmedia said Tuesday.
"We hope that Cambodia's exports of dried rubber will continue torise as the new rubber trees which have been planted over the pastfive years under an expansion project are tapped for resin," LyPhalla, general director of the General Directorate of RubberPlantation, was quoted by English-Khmer language newspaper theMekong Times as saying.
"International market demands for rubber and rising rubber priceswill be an incentive for Cambodia to step up rubber exports, " headded. Dried rubber now sells 3,310 U.S. dollars per ton inCambodia, up from 2,800 U.S. dollars last year.
Cambodia began rubber cultivation in the 1920s during the Frenchcolonial era but exports dwindled in the 1970s as the country wasravaged by civil wars. Agri. & Commodities