PHNOM PENH (Commodity Online) : Cambodia’s General Directorate of Rubber said the price of dry rubber has increased by more than 236 percent year-on-year in the country.
Such sharp increase in rubber prices has not been seen for 60 years. It has resulted from demand outstripping supply, it said in a report.
The price of rubber sold to international markets this month reached $3,700 per tonne. In April last year, rubber was sold for only $1,100 per tonne, with a 2009 market high of $3,000 per tonne.
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