Cambodia earns over $106M from rubber exports in two months

Cambodia earns over $106M from rubber exports in two months

Cambodia generated more than $106 million from rubber product exports in the first two months of 2025, according to a report from the General Directorate of Rubber under the Ministry of Agriculture, Forestry, and Fisheries (MAFF) on Tuesday.

The report stated that as of February 2025, revenue from rubber exports totalled $105.12 million, while rubberwood exports contributed $968,530.

The price of rubber stood at $1,926 per tonne, marking an increase of $475 per tonne, or 32.7 percent, compared to the same period last year. The average price of rubberwood exports in February 2025 was $330 per cubic meter.

Cambodia’s total rubber plantation area spans 425,443 hectares, of which 330,259 hectares (78 percent) are currently harvestable, while 95,184 hectares (22 percent) remain in the growing stage.

Khun Kakada, Acting Director-General of the General Directorate of Rubber, confirmed that in February 2025, the average selling price of rubber was $1,907 per tonne, a decrease of $26 per tonne (1.34 percent) from the previous month.

However, it represented an increase of $441 per tonne (30.1 percent) compared to $1,466 per tonne on February 1, 2024.

“The department will continue working diligently to achieve its planned objectives and deliver positive results.

“We will also maintain cooperation with the Department of Agriculture, Forestry, and Fisheries, rubber plantation companies, family-owned rubber plantations, processing factories, purchasing houses, and other stakeholders to improve rubber cultivation techniques and enhance data collection.

“Additionally, we will continue collaborating with national and international rubber associations on research and development initiatives in the rubber industry,” Kakada stated.

Dith Tina, MAFF Minister, recently emphasized that the agricultural sector continues to play a crucial role in ensuring food security, driving economic growth, creating jobs, and improving people’s livelihoods.

Regarding rubber research, the minister stated that MAFF has developed two new rubber clones, CRRI 12 and CRRI 19, which are high-yielding and well-suited to Cambodia’s climate and environment. These clones will be further expanded in the future.

According to the Minister, Cambodia currently has 179 factories and workshops processing rubber and rubber wood, an increase of six compared to 2023. Notably, the rubber industry has created 140,000 jobs and supported the economic well-being of 420,000 households.

The Minister further highlighted that in 2024, total revenue from rubber product exports reached $671.7 million, an increase of more than $150 million compared to 2023.

Meanwhile, the country’s three domestic tire factories processed 58,000 tons of locally produced rubber, valued at approximately $96.4 million, reflecting a rise of over $50 million from 2023.

Tina reiterated that the private sector is an indispensable partner and a key driving force behind the development of the agricultural sector.

He affirmed that MAFF welcomes and encourages greater private-sector investment, which will help create jobs, increase incomes, promote exports, and stimulate national economic growth.

Aside from exports, Cambodian rubber also supplies three operating tire factories located in Svay Rieng, Preah Sihanouk, and Kratie provinces.

khmertimeskh