Raw natural rubber trades at record high

According to the Vietnam Rubber Association, the price of raw natural rubber climbed to an all-time high of nearly US$5,000 per ton on international markets.

Meanwhile, domestically, the rate also exceeded VND95.5 million per ton, nearly doubled that of in the beginning of this year.

An unexpected rise in rubber prices has helped several rubber businesses increase their profits by 80-90 percent year-on-year. However, it caused many difficulties in purchasing input material for industrial rubber products producers, prompting them to reduce production to prevent losses.

(Source: http://www.saigon-gpdaily.com.vn/Business/2010/12/88468/)