VIETNAM: Rubber exports top USD 2 billion in 11 months
Vietnam earned USD 2.02 billion from exporting 1.5 million tons of rubber between January and November, rising 7.6 percent in value and 8.1 percent in volume year on year. In November alone, about 200,000 tons of rubber were shipped abroad, bringing home USD 260 million.
The figures respectively increased 4.2 percent and 4.3 percent from the previous month, and 11.3 percent and 16.2 percent from the same period last year, according to the Ministry of Agriculture and Rural Development.
Export price in the month also grew 4.5 percent year on year to USD 1,300 per ton. The ministry said the rubber farming area nationwide expanded from 800,000 ha in 2011 to 965,000 ha in 2018, about 165,000 ha more than the plan. Vietnam aims to gain over USD 2 billion from the export of natural rubber in 2020.
Source: Daily “VietnamPlus”, Hanoi; 11 Dec 2019
(Syed Rashid Ali, Karachi, Pakistan)
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