Cambodian people are planting rubber trees after the price of rubber plantation is increasing in the last few years. In addition, buyers from European countries are needed to import Cambodia’s rubber and its price doubles. It is the price that never increased before.
Mak Kim Hong Chub Rubber Plantation President said that the price of rubber is US$5,400 per tones in Ho Chinh City this month, compared with US$2,500 a tonne a year ago. He also added that global supply was declining due to Thailand’s flooding. It is an opportunity for Cambodia’s exports.
Located in Kampong Cham province, Chub plantation rubber received a certification at international quality level in December 2010, which Mak Kim Hong has said allows it to export at higher prices and to more demanding customers. (Posted by Cambodian Economy)