Cambodia earns 269 mln USD from rubber exports in first 7 months of 2024

PHNOM PENH, Aug. 11 (Xinhua) — Cambodia exported 173,915 tons of natural rubber latex in the first seven months of 2024, slightly up 1.72 percent from 170,968 tons over the same period last year, said a General Directorate of Rubber’s report on Sunday.
The country earned 269 million U.S. dollars in revenue from exports of the commodity during the January-July period this year, up 12.4 percent from 239.3 million dollars over the same period last year, the report said.
“A ton of rubber latex averagely cost 1,547 U.S. dollars during the first seven months of 2024, about 147 dollars higher than that of the same period last year,” Khun Kakada, acting 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, Cambodia has so far planted rubber trees in a total area of 407,172 hectares, in which the trees on 320,184 hectares, or 78.6 percent, are old enough to be tapped. ■