Dak Nong Newspaper provides information on domestic and international rubber prices, helping farmers grasp the market.
Rubber is an important economic sector, generating significant income for households and having a major impact on the national economy.
Rubber prices change daily and for up to date information please refer to the price list below.
Rubber latex, often referred to as "white gold", is a major source of income for many countries, including Vietnam.
Rubber price today 10/11
Dak Nong Newspaper provides information on domestic and international rubber prices, helping farmers grasp the market.
In Vietnam, rubber prices from August 2023 fluctuate between 240-280 VND/kg.
| Province/Company | Purchase price |
|---|---|
| Dak Lak | 240-245 VND/TSC |
| Binh Phuoc | 245-280 VND/TSC |
| Dak Nong | 260-265 VND/TSC |
| Quang Tri – Binh Duong – Ho Chi Minh City | 250-255 VND/TSC |
| Phu Yen | 260-265 VND/TSC |
| Phu Rieng Rubber Company | 250-270 VND/TSC |
| Phuoc Hoa Rubber Company | 270-272 VND/TSC |
| Dong Phu Rubber Company | 270 VND/TSC |
| Binh Long Rubber Company | 259-269 VND/TSC. |
| Ba Ria Rubber Company | 251-256 VND/TSC |
World rubber price today October 11
In the international market, rubber prices in Tokyo and Shanghai fluctuate slightly by day and trading period.
At the Tokyo Commodity Exchange, the September 2023 rubber futures price was 230.1 yen/kg, down 2 yen/kg from the previous day, or 0.87%.
On the Shanghai Futures Exchange, the price of RSS3 rubber futures for September 2023 delivery fell to 12,875 yuan/ton, down 65 yuan from the previous trading session, or 0.5%.
The international rubber price for September 2023 delivery increased by 3.4 yen/kg to 231.00 yen/kg, down 0.47%. Meanwhile, the price for October 2023 delivery increased by 4.1 yen/kg to 230.60 yen/kg, up 1.81%. And the price for November 2023 delivery increased by 2.5 yen/kg to 230.20 yen/kg, up 1.10%.
Some factors affecting rubber prices
Rubber prices today depend on many different factors.
Influencing factors include climate, weather, economic and socio-political situation.
International demand and supply of rubber are also important factors.
Rising crude oil prices could prompt manufacturers to switch from synthetic rubber to natural rubber.
Changes in rubber stocks indicate scarcity or surplus supply, which affects prices.
Currency exchange rates of major rubber consuming countries also affect rubber prices.
To ensure rubber quality, rubber gardens need to be regularly cared for to prevent disease.
Common diseases on rubber trees include bark cracking, pink mold, termites, and leaf fall during the rainy season.
Pest control is essential to minimize damage and maintain rubber quality.
This information helps farmers stay updated on rubber prices and domestic and international market situations.
Source: https://baodaknong.vn/gia-cao-su-hom-nay-cap-nhat-11-10-2024-231441.html
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