The country’s income from the export of rubber products increased substantially this year despite the crisis in rubber pricing in the world market. In the last fiscal year the country earned about US$96.7 million from rubber exports to China, Vietnam and Thailand, of which only US$37 million had come in the first six months according to the Agriculture Department of the Ministry of Agriculture and Forestry.The price of rubber in the country has currently dropped to just over 4,000 kip, while varying between 7,000 and 8,000 kip at beginning of the year. After the number of rubber trees that were mature enough to tap had increased substantially, rubber went to the top of the list of Lao agricultural exports as the highest revenue earner.
Posts Tagged ‘peanuts’
November 28th, 2014
Vientiane Times, 28 November 2014