Market and product

Rubber exports are estimated at 117,000 tons in November with a value of US$165 million, bringing the total export volume in 11 months of this year to 1.1 million tons to fetch US$1.43 billion (up 12.3% in volume and 4.6% in value), according to Vietnam Customs.

China and India were two biggest consumers of Vietnamese rubber in the first ten months, accounting for 66.1% of market shares with a value of US$732.1 million and US$104.1 million respectively.

Meanwhile, rubber imports in November were 44,000 tons worth US$74 million, bringing the total import volume in 11 months to 387,000 tons with a total value of US$604 million, up 10.9% in volume and 2.5% in value. Vietnam imported rubber mainly from the Republic of Korea, Japan, Cambodia, and Taiwan.

The price of rubber latex began going down sharply in 2014. However, since early this crop, the price has been increasing steadily. Natural rubber latex now is priced at VND6,500-12,000 per kilo (up VND1-2.5 million per ton compared to early September. - VOV