Export value of Lao rubber increases

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VIENTIANE, March 2 (Xinhua) -- The export value of rubber from Laos has increased, while the market price of the commodity is also rising, meaning the commodity is enjoying commercial success.

Laos earned 153.4 million U.S. dollars from rubber exports in 2017, rising to 168.1 million U.S. dollars in 2018 and to almost 217.5 million U.S. dollars in 2019, according to the Lao Ministry of Industry and Commerce.

However, the crop fell to second place as an agricultural export earner after topping the list in 2018. The export value of buffalo and cattle hit the top spot in 2019, local daily Vientiane Times reported on Monday.

The export value of rubber is increasing as the number of rubber trees increases.

In 2019, Laos received a large order from China for the purchase of rubber grown in northern Laos' Luang Namtha province, some 360 km north of Lao capital Vientiane, said local daily Vientiane Times on Monday.

In 2017, China ordered 10,000 tons of rubber Laos. In 2020, the quota increased to 20,000 tons, local commercial authorities reported.

Even though China is suffering disruption due to the COVID-19 outbreak, rubber shipments from Luang Namtha to China are proceeding as normal, said the report. Enditem

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