( Update: 05/08/2014 )
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11/7, the Ministry of Agriculture and Rural Development and Industrial Corporation VN rubber (VRG) conference held rubber production in 2014. According to the report of the Cultivation Department (MARD), the world rubber market is experiencing difficulties due to oversupply, predicted the world would admit to 652,000 tonnes this year and will continue excess of 2 years.
China is the market's biggest import rubber VN but recent price fluctuations, greatly affects the rubber industry. Some urgent measures are proposed to adjust the acreage, market diversification, promoting industrial processing of rubber products ... Specifically, VRG will develop 420,000 ha of rubber 2015, 8,000 ha decrease compared with the previous plan. On the consumer market, Tran Ngoc Thuan, General Director of VRG, said it would strengthen trade promotion extended to other markets such as the U.S., EU, especially since this is India markets rubber's second largest after China.
Source: nongnghiep.com.vn
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