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Vietnamese rubber exports in March increased 58% MoM, fell 4.3% in first quarter (21-04-2015)

 

Vietnamese rubber exports in March increased 58% MoM, fell 4.3% in first quarter  

April 16, according to the Vietnam News, Vietnam Customs released the latest data show that in March 2015 the Vietnamese rubber export volume of 64,800 tons, an increase of 58% compared with February.

Vietnam Trade and Industry said, because of a substantial decline in export prices, Vietnam rubber industry is facing difficulties. 2015 Vietnamese rubber exports in the first quarter was 20.1 million tons, an increase of 35%, but exports are down 4.3 percent to 286 million yuan.

DTI also said that in recent years, Vietnam Rubber increase the pace too fast, and the global economic slowdown will lead to weak demand unbearable.

(Vietnam Rubber Association) Secretary-General of the Vietnam Rubber Association Tran Thi Thuy Hoa said that if export prices continued to decline, domestic rubber production cuts may be considered.

Translated by Google Translator from http://market.cria.org.cn/22/26553.html

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