Fresh rubber latex price increased by more than 2 million VND/ton

Rubber latex dealers in the Southeast region said that the price of fresh rubber latex is fluctuating between 4,500 - 12,000 VND/kg, an increase of 1 - 2.5 million VND/ton compared to early September 2016.

Specifically, the price of liquid latex in Binh Phuoc increased from 6,720 VND/kg to 7,040 VND/kg and 7,400 VND/kg for 32-degree mixed latex.

Rubber latex harvesting in Binh Phuoc.

The reason for the increase in the price of fresh rubber latex is that some major natural rubber producing countries have reduced exploitation because the price of latex has been too cheap recently, sometimes only 2/3 of the current price. In addition, the export market of natural rubber has stabilized, mainly exported to the Chinese market because the demand for automobile tire production in this market has increased slightly.

Since the latest bottom in mid-June 2016, world rubber prices have increased by approximately 20%.

According to Vietnamnet