CAMBODIA: Rubber exports up, but shippers see revenue loss
Despite an increase in shipments, Cambodia earned less than USD 287 million from dry rubber exports last year, a decrease of 4 percent year-on-year caused by lower prices. In 2018, Cambodia exported 217,500 tons of dry rubber, a jump of about 15 percent compared to 2017, according to a report released by the General Directorate of Rubber. However, the same report highlights that the average price of the commodity fell to USD 1,319 per ton, resulting in a revenue drop of 3.9 percent.
Pol Sopha, director general of the General Directorate of Rubber, says in the report that the total number of rubber plantations in the country is 436,682. Of those, 201,949 were harvested in 2018. Sopha said Cambodia produced about 220,100 tons in 2018 and exported about 217,500 tons. Most of those exports went to Malaysia, Vietnam, Singapore, and China.
Source: Daily “The Khmer Times”, Phnom Penh; 30 Jan 2019
(Syed Rashid Ali, Karachi, Pakistan)