Rubber Export Prices Continue Rising This November
The Vietnamese Ministry of Industry and Trade forecast that rubber export prices to China via Mong Cai border gate will continue surging this Nov thanks to the neighboring country’s growing demand.
The export prices to China have reached CNY14,900/ton ($2,181) since mid-Oct, with export volume hitting from 1,000 to 1,400 tons daily.
The ministry said China authorities have allowed local companies to import more rubber from Vietnam because of high demand at the end of the year, forecasting that rubber export volume will be 1,000 tons/day on average. (Vinanet)
Vietnamese
