Cambodia earns $328M from rubber export in first eight months
Cambodia earns $328M from rubber export in first eight months
Cambodia exported 209,733 tonnes of rubber and earned over $328.3 million in revenue during the January-August period this year, an increase of 15.5 percent from $284.1 million during the same period last year, according to a report by the General Directorate of Rubber released yesterday.
Khun Kakada, Acting-Director General of the General Directorate of Rubber of the Ministry of Agriculture, Forestry and Fisheries (MAFF) said, “Cambodia exported 209,733 tonnes of rubber, an increase of 4,565 tonnes or 2,23 percent compared to the same period in 2023 and earned over $328.3 in revenue from exports products.”
In August alone 35,818 tonnes of rubber were sold, an increase of 2,555 tonnes or 7.68 percent from the previous month and an increase of 1,619 tonnes or 5 percent over the same period last year.
Kakada said that the cost of a tonne of rubber latex was $1,565 from January to August 2024. The figure is $180 higher in comparison to the same period last year.
Export destinations for Cambodian rubber are primarily Malaysia, Vietnam, Singapore and China.
The Ministry of Agriculture on Monday released a video of the oldest rubber farm in Cambodia located in Chob village of the Tboung Khmum province. This historic site is known as the ‘Chob’ rubber farm.
Kakada said that as part of the General Directorate of Rubber’s plan, the first step is to prepare this region with appropriate infrastructure.
“According to Agriculture Minister Dith Tina’s recommendations, Chob village will be transformed into rubber plantation. The primary objective is to attract tourists to learn about this place.
Secondly, in our study of rubber genetics, we have completed one part by creating two rubber clones.”
Besides, the ministry also plans to hold the first national rubber tapping contest and celebrate the 100th anniversary of the oldest rubber tree in Cambodia in November this year.
The plantation has the largest number of surviving old rubber trees in the world – 448 trees on an area of about 14 hectares – and is playing an important role in the search for rubber varieties that have high growing conditions and yield in line with Cambodia’s agricultural environment.
