Waiting to tap rubber’s rebound

[geovalin]

Kali Kotoski and Cheng Sokhorng

 

The large-scale rubber plantations that arrived in force in Cambodia a decade ago as global rubber prices moved to historic peaks are facing sober prospects as trees they planted before the commodity’s prices headed south begin to reach maturity.

 

While international rubber prices have been slowly rising on a slight pick-up in demand from China, the world’s top consumer, a plantation owner said yesterday that the current $1,450 per tonne is not enough for large-scale producers to recoup their massive capital investment. He said that until rubber passes the $2,000 per tonne mark, it did not make economic sense to begin large-scale production.

 

Jef Boedt, general manager of Socfin Cambodia, the local arm of a French agro company with rubber plantations spread across Africa and Indonesia, said the first batch of rubber trees that the company has planted on 7,500 hectares in Cambodia since 2009 reached maturity earlier this year.

 

read more http://www.phnompenhpost.com/business/waiting-tap-rubbers-rebound

 

 

-- © Copyright Phenom Pen Post 28/10

[maoro2013]

I wish I could get $1,450/tonne

[bark]

2 hours ago, maoro2013 said:

I wish I could get $1,450/tonne

Too many people like you, and your relatives, starting planting more and more as the price started to rise about 8 years ago.

Then over supply and better pricing from Malaysia, made the price drop. 

Bad for you but good for me as I buy 6,000 - 6,500 kg per month.

Keep up the good work. You helped my business a lot.

Cheers

 

[Grubster]

5 hours ago, bark said:

Too many people like you, and your relatives, starting planting more and more as the price started to rise about 8 years ago.

Then over supply and better pricing from Malaysia, made the price drop. 

Bad for you but good for me as I buy 6,000 - 6,500 kg per month.

Keep up the good work. You helped my business a lot.

Cheers

 

What goes around comes around.

[Ulic]

It will be a long wait until the price of oil goes up and the price of rubber goes up correspondingly.

[maoro2013]

21 hours ago, bark said:

Too many people like you, and your relatives, starting planting more and more as the price started to rise about 8 years ago.

Then over supply and better pricing from Malaysia, made the price drop. 

Bad for you but good for me as I buy 6,000 - 6,500 kg per month.

Keep up the good work. You helped my business a lot.

Cheers

 

What price do you pay? Definitely not $1,450/tonne

[bark]

On 29/10/2559 at 4:34 PM, Grubster said:

What goes around comes around.

Keep planting the Rubber trees and the money will keep on coming.

[Grubster]

12 hours ago, bark said:

Keep planting the Rubber trees and the money will keep on coming.

Sorry I don't have any. Don't need any money. Making fun of other peoples misfortions will not make you a better man though. You just keep working while I golf and travel around. Good luck.

[bark]

1 minute ago, Grubster said:

Sorry I don't have any. Don't need any money. Making fun of other peoples misfortions will not make you a better man though. You just keep working while I golf and travel around. Good luck.

I own the company. Too hot to golf in Thailand.

I just off the afternoon at 3 pm everyday, and go to Nana. Help out the girls.

[thaiguzzi]

On 29/10/2016 at 5:03 AM, bark said:

Too many people like you, and your relatives, starting planting more and more as the price started to rise about 8 years ago.

Then over supply and better pricing from Malaysia, made the price drop. 

Bad for you but good for me as I buy 6,000 - 6,500 kg per month.

Keep up the good work. You helped my business a lot.

Cheers

 

Don't pay any attention to the troll. An obvious "Greed is Good" character with zero morality. Also knows nothing about the rubber game. A middleman, a buyer, and a high end seller generally make the same profit margins wether the price is high or low...