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Cambodia exports 242,922 tons of rubber worth $318 million in 10 months, up 21 percent

Rubber bales in crates ready for export. Dreamstime

Cambodia exported 242,922 tons of dry rubber in the first 10 months of 2020, up 21 percent over the same period last year, said a General Directorate of Rubber report on Sunday.

The kingdom made gross revenue of $318 million from exports of the commodity during the January-October period this year, up 19.6 percent over the same period last year, the report said.

“A ton of dry rubber averagely cost $1,311 during the first 10 months of this year, about $19 lower than that of the same period last year,” Pol Sopha, 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.

According to the report, to date, Cambodia has planted rubber trees on a total area of 401,914 hectares, in which the trees on 290,013 hectares, or 72 percent, have grown big enough to be tapped. Xinhua

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