Vietnam Rubber Export Prices Hit Roof
Export prices of Vietnamese rubber were still high over the past six months and hit record highs in June, helping increase the country&rsquos export revenues by 7.2 per cent in the first half of 2008, an official from the Vietnam Rubber Association (VRA) said.
Tran Thi Thuy Hoa, general secretary of the VRA said Vietnamese rubber export prices hit roof at US$2,875 a ton in June, up 31 per cent on year and by US$600 a ton from January 2008.
In June, Vietnam exported 40,000 tons of rubber, bringing the country&rsquos total rubber export volume to 227,892 tons in the first six months of 2008, down nearly 20 per cent on year.
The exports brought in US$574 million to the country, up 7.2 per cent on year, Hoa said.
Major importers included China, South Korea, Taiwan, Japan, and Germany.
Vietnam expected to export around 780,000 tons of rubber worth US$1.5 billion in 2008, up 4 per cent and 2.3 per cent on year, respectively. (The Youth July 9 p14)
Vietnamese
