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It is expected that exports of Vietnam rubber in the first 2 months of 2014 decreased 25%
27/02/2014

Rubber export turnover of Vietnam in the first 2 months will be reduced by 43.3 % compared to the same period last year , to $ 215 million , the ministry said in a monthly report .
Rubber price benchmark futures contract fell to a low of 18 months at the beginning of this month .
Thailand , Indonesia and Malaysia account for over 70 % of the total production of natural rubber globally , these three countries are considering whether to limit exports , reduced exploitation or buy from farmers in an effort to support subsidies.
In 2013, rubber production in Vietnam increased by 8 % compared with the same period the previous year , to 950,000 tons , and the largest rubber producing country third in the world after Thailand and Indonesia .
Between 2011 and 2013 , Vietnam ‘s rubber production increased by 20 % , based on government data , in part because growers use varieties of high yielding rubber .
China bought about 60 % of Vietnam’s rubber export . The other major buyers include Malaysia , India , the U.S. and South Korea , the Ministry of Agriculture said .

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