Vietnam rubber prices will be rose significantly in the end of June 2008

Vietnamese economic experts predict that world market prices of rubber will be  rose significantly in the end of June 2008, because high oil prices have been rising.

Rubber in the world market prices will continue to rise, because China's rubber reserves are diminishing, but at present due to continuous rainfall, harvest plastic juice progress has been slow. At the same time. Record high world oil prices rose in many countries to make use of natural rubber to replace the synthetic rubber (the use of petroleum products) and reduce costs.

From mid-May 2008 to date, Vietnam's rubber exports to China due to rising prices for supply and the sharp rise in oil prices. At present rough rubber export prices have risen to 22,500 yuan / ton, over the previous week was up 1,200 yuan / ton, for the Vietnamese partners signed contracts rubber imports of Chinese enterprises than the number of early May 2008 when An increase of 505.

Rubber export prices in the world market and rising demand for natural rubber to increase the occasion, the Vietnamese Ministry of Agriculture and Rural Development predicted the 2008 annual exports from Vietnam intersection will be about 1.5 billion U.S. dollars. Although the annual rubber export volume lower than in 2007, but exports have increased.