High Price Facilitates Vietnams Rubber Export Goal
Vietnam is likely to fulfill its set target at US$1.5 billion from rubber exports in 2008 thanks to high export prices, the Vietnam Rubber Association forecast.
Experts say that rubber processors and growers will make a big profit this year as it costs them only US$1,800 to produce a ton of rubber.
Meanwhile, export prices of Vietnamese rubber have kept soaring from early August 2008 to US$3,012 a ton on average, up US$181 a ton from a month earlier, according to figures from the Vietnam Trade Information Centre.
Prices of SVR3L rose by US$127 a ton from early July to US$3,238; SVR10 prices by US$154 a ton to US$2,887; and SVRCV60 prices up US$510 a ton to US$3,295. Export prices of rubber latex also increased by US$210 a ton on month.
Vietnam exported 306,000 tons of rubber in the first seven months of 2008, earning US$804 million, down 13.4 per cent on year in volume but up 20.5 per cent in value.
Currently, southeastern, central highland and other central regions are harvesting rubber. (VNA, Vinanet)
Vietnamese
