Cambodia’s rubber exports saw a 24 per cent increase compared to year 2018, according to General Directorate of Rubber.
According to the source, the Kingdom exported 233,677 tonnes of rubber with a total value of USD 311 million during the period. The data also showed that 434,552ha of rubber had been planted in first 11 months in 2018, with more than 230,000ha of rubber had been harvested.
In a bid to increase rubber quality and market prices, the Ministry of Agriculture, Forestry and Fisheries in November last year urged the industry to apply for quality certification.
The General Directorate of Rubber Administration and Legal Department director Khoun Phalla reported that the market value of exports would drop if the sector did not register it.
He further highlighted that the rubber industry and market price may be impact negatively after Thailand followed through with plans to boost its rubber exports.
Ministry of Agriculture, Forestry and Fisheries released, Cambodia exported 210,000 tonnes of rubber worth $300 million in 2018.