According to foreign media reports, Vietnam exported 110000 tons of natural rubber in June, a year-on-year decrease of 9.8% and a month on month increase of 46.9%; the export volume was US $130 million, a year-on-year decrease of 25% and a month on month increase of 44.5%.
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In addition, the average export price of Vietnam’s natural rubber fell by 16.9% to 1182 US dollars per ton in June, resulting in an average export price of 2.9% in the first half of the year to 1330 US dollars per ton.
According to the data released by the General Administration of Customs of Vietnam, rubber exports have fallen sharply in the past five months compared with the same period last year. Meanwhile, the price of domestic latex in Vietnam was still at a low level in June, and it was expected to continue to show a downward trend.
Previously, ANRPC, the association of natural rubber producers, said that the global demand for natural rubber would be on a downward trend this year, with the new crown outbreak causing disruption in the natural rubber supply chain, affecting about 12.84 million tons of consumption. At present, the demand of natural rubber in China, the United States and the European Union is still very low. The drop of oil price will also exert pressure on the price of natural rubber, and the price of natural rubber will continue to fall in a short time.
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