Vietnam's rubber exports see sharp decrease

   Reports from Vietnam's rubber association and agricultural ministry says Vietnam's rubber exports, including those to its most important market of China, are witnessing sharp decrease, largely due to oversupply.

　　Vietnam saw a year-on-year decrease of 32.3 percent in rubber' s export revenue in the first seven months of 2014, pocketing 832 million U.S. dollars, said Vietnam's Ministry of Agriculture and Rural Development (MARD).

　　Vietnam saw a year-on-year decrease of 32.3 percent in rubber' s export revenue in the first seven months of 2014, pocketing 832 million U.S. dollars, said Vietnam's Ministry of Agriculture and Rural Development (MARD).

　　China remained Vietnam's largest rubber consumer in the first six months;

　　However, Vietnam saw a sharp drop in the market in both export volume and value during the period, said another report on the website of Vietnam Rubber Association (VRA) on Thursday.

　　Specifically, Vietnam exported about 138,000 tons of rubber to China during January-June period to earn 248 million U.S. dollars, posting a decrease of 23.6 percent in volume and 42.6 percent in value year-on-year, said VRA.