Production increased by 32 percent in the first quarter of the year, with most of it shipped abroad, according to latest official report.
The Ministry of Agriculture is now discussing the Rubber Law with industry players and plans to send a draft to the Council of Ministers for approval next year, according to a high-ranking official.
Cambodia’s rubber output looks set to increase due to favourable weather conditions.
Cambodia will not follow a major move to cut production of rubber to boost prices.
Exports of rubber rose moderately during the first three months of the year.
In January the price of Cambodian rubber overseas declined by 10%, going from $1,600 per ton in December to $1,444.
China wants to import 300,000 tonnes of rubber from Cambodia, as the Cambodian government boosts its capacity for direct rubber exports.
Cambodia’s rubber exports doubled in the first half of 2017, according to Ministry of Agriculture, Forestry, and Fisheries this week.