Vietnam's Jan-Nov rubber exports seen flat, revenue falls
Wednesday, November 26,2014AsemconnectVietnam - Vietnam's rubber exports in the January-November period reached an estimated 954,000 tonnes, little changed from a year before, while revenue has dropped around a quarter, the agriculture ministry said on Wednesday.
Rubber export revenue in the 11-month period is likely to fall 27 percent from a year before to $1.62 billion, the ministry said in its monthly report, reflecting a drop in global prices due to a supply glut and a slowing economy in top consumer China.
Vietnam is the world's third-largest natural rubber producer after Thailand and Indonesia and the fourth-largest exporter after those two and Malaysia.
Source: Reuters
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