CAMBODIA: Chinese province agrees to import local rubber
The Ministry of Commerce announced that representatives from the northwest Chinese province of Shaanxi have signed a memorandum of understanding (MoU) to purchase 300,000 tons of Cambodian rubber, with exports to begin next year, state news agency AKP said.
The MoU comes after a meeting between Commerce Minister Pan Sorasak and a delegation of Chinese and Japanese investors.
Cambodia’s rubber sector has struggled to gain traction as global commodity prices continue to remain low, with the Kingdom only exporting around 145,000 tons last year valued at USD 187 million, according to the Ministry of Agriculture.
Source: Daily “The Phnom Penh Post”, Phnom Penh; 10 July 2017
(Syed Rashid Ali, Karachi, Pakistan)