Vietnamplus

Rubber is one of the industries posting good performance despite many sectors struggling due to the COVID-19 pandemic.

Vietnam’s rubber export revenue is expected to reach 3.5 billion USD in 2022, and rubber price would rise to 3.8 USD per kg in the second half of the year, experts have said.

Vietnam’s rubber exports in the first two months of 2021 doubled in both volume and value compared to the same period last year, after months of slowdown, according to the Ministry of Agriculture and Rural Development (MARD).

Cambodia is optimistic about the prospect of a rubber price recovery amid falling global prices, said a local official.

Thailand, the world’s largest rubber producer, is coordinating with Malaysia and Indonesia to reduce rubber supply in order to stabilise prices.