The Vietnam Rubber Association announced yesterday that the turnover of rubber exports during 2010 were the highest ever, outdoing even coffee to become the second highest export commodity in the country in agricultural products.
Workers extract rubber sap at a farm in the Central Highland province of Gia Lai
Rubber exports crossed over 782,000 tons worth US$2.3 billion. These figures were only exceeded by rice exports.
The price on one ton of rubber increased by 82 percent, fetching US$3.053 in the export market.
Rubber has now been listed as the top ten export commodities in Vietnam.
By 2010, the country had 740,000 hectares of rubber trees, the largest growing area for industrial trees with an annual growth rate of 7.7 percent.
Rubber has greatly improved the livelihoods of over 130,000 workers employed by businesses in farms and other 140,000 households who have their own plantations.
Vietnamese rubber accounts for 7.3 percent of the total output in the world, ranging fifth after Thailand, Indonesia, Malaysia and India.
The average production of Vietnamese rubber is 1,720 kilograms per hectare, which is second to India with 1,784 kilograms per hectare.
(Source: http://www.saigon-gpdaily.com.vn/Business/2011/5/92514/)
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