Cambodia earns $568 mln from rubber latex exports in first 11 months of 2024
Cambodia earns $568 mln from rubber latex exports in first 11 months of 2024
An official report on Thursday said Cambodia made $568 million in revenue from exports of natural rubber latex in the first 11 months of 2024, up 26.7 percent over the same period last year.
The kingdom exported 342,010 tonnes of the commodity during the January-November period this year, up 2.34 percent from 334,177 tonnes over the same period last year, said the report of the General Directorate of Rubber.
“A tonne of rubber latex averagely cost $1,662 during the first 11 months of 2024, about $319 higher than that of the same period last year,” Khun Kakada, acting director general of the General Directorate of Rubber, said in the report.
The Southeast Asian nation exports the commodity mainly to Malaysia, Vietnam, Singapore and China.
Cambodia has so far planted rubber trees on a total area of 407,172 hectares, in which the trees on 320,184 hectares, or 78.6 percent, are old enough to be tapped, the report said.
