Rising geopolitical tensions and tightening supply are driving the strongest rally in global rubber prices since 2017, creating favourable conditions for Việt Nam’s rubber industry. However, experts say domestic exporters need to diversify markets and strengthen compliance with sustainability standards to fully capitalise on emerging opportunities.
Rubber prices on major exchanges in Japan, Thailand and China rose between 3.3 per cent and 7.8 per cent during the first 20 days of May, reflecting mounting pressure on global raw material supply chains.
Source : Vietnamnews.vn