Rubber latex prices increase sharply

10:12, 13/12/2016

(ĐN)- Rubber latex prices have constantly increased from VND36 million to VND42 million per ton since October this year.

 

Illustrative image.
Illustrative image.

(ĐN)- Rubber latex prices have constantly increased from VND36 million to VND42 million per ton since October this year.

According to rubber processing firms, with the prices, farmers can earn profits. The price hike was attributed to the fall of rubber turnover in 4 biggest rubber exporters including Vietnam, Thailand, Cambodia and Malaysia as the prices of rubber latex had decreased, along with the hike in oil prices making man-made rubber prices rise and the stable growth in automobile making industry in the world.

Reported by V.N