Rubber industry faces falling export price
Friday, March 22,2019AsemconnectVietnam - The Vietnamese rubber industry enjoyed robust growth in exports but experienced a fall in export prices in the first two months of 2019.
The General Department of Vietnam Customs said that the country gained over 305 million USD from shipping more than 237,000 tonnes of rubber abroad in January-February, up 11.5 percent in value and 27.3 percent in volume from the same time last year.
The average rubber price in February stood at 1,322 USD per tonne, jumping 4 percent from the previous month but falling 11.5 percent as compared to the same month in 2018.
China remained the largest importer in the period as it splashed out more than 196 million USD on buying 153,190 tonnes of Vietnamese rubber, a year-on-year surge of 35 percent in value and 53.7 percent in quantity. However, the rubber price dropped 12.1 percent year-on-year to 1,279 USD each tonne.
The rubber price also slid in India, the second biggest consumer of Vietnamese rubber. Each tonne of rubber was sold at 1,339 USD in the market, a year-on-year fall of 12.14 percent. In the two-month period, Vietnam exported 21,100 tonnes of rubber to the southern Asian country and pocketed 28.4 million USD, shooting 42.87 percent in volume and 23.99 percent in value.
Shipments to the Republic of Korea inched up 7.7 percent in the period while those to the US and Germany dwindled 6.6 percent and 13.1 percent, respectively.
The average rubber price in February stood at 1,322 USD per tonne, jumping 4 percent from the previous month but falling 11.5 percent as compared to the same month in 2018.
China remained the largest importer in the period as it splashed out more than 196 million USD on buying 153,190 tonnes of Vietnamese rubber, a year-on-year surge of 35 percent in value and 53.7 percent in quantity. However, the rubber price dropped 12.1 percent year-on-year to 1,279 USD each tonne.
The rubber price also slid in India, the second biggest consumer of Vietnamese rubber. Each tonne of rubber was sold at 1,339 USD in the market, a year-on-year fall of 12.14 percent. In the two-month period, Vietnam exported 21,100 tonnes of rubber to the southern Asian country and pocketed 28.4 million USD, shooting 42.87 percent in volume and 23.99 percent in value.
Shipments to the Republic of Korea inched up 7.7 percent in the period while those to the US and Germany dwindled 6.6 percent and 13.1 percent, respectively.
Source: Vietnamplus.vn
Solutions proposed to improve investment environment in HCM City
Expanding markets, fruit and vegetable exports continue to increase
China is Vietnam's third largest rice import partner
DAILY: Vietnamese pepper prices rose by 500 VND on March 15, 2024
DAILY: Vietnamese coffee prices increased by 100 VND on March 15, 2024
Which product had the strongest growth of export turnover in February, earning more than 200 million USD?
China is Vietnam's largest wood chip export market
In the first 2 months of this year, textile fiber exports earned more than 666 million USD
Bright economic spots at beginning of the year
Expanded land use rights expected to attract OV investment in real estate
PM urges enhancing credit access, absorption to fuel growth
In 2023: Wood pellet export earned nearly 680 million USD
DAILY: Vietnamese pepper prices fell by 1000 VND on March 14, 2024
DAILY: Vietnamese coffee prices decreased by 100 VND on March 14, 2024
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
Supporting industry development program in Da Nang city in ...
Implementation plan of Scheme on promoting agricultural, ...
Hanoi harnesses “soft power” of culture in development
Since joining the UNESCO Creative Cities Network in the “Design” category in 2019, Hanoi has organised a multitude of activities relating ..."Happy Tet 2024" to open in Hanoi
Vietnamese literary works served up at Brussels restaurant