Both global synthetic and natural rubber prices are on an upward trend, but not all businesses in the industry are enough confident to set higher profit targets for this year.
The Association of Natural Rubber Producing Countries (ANRPC) has been developing the Sustainable Price Mechanism (SPM) to ensure the sustainability of natural rubber supply chains.
Strong recovery of world rubber prices is expected to continue through the end of the year and increase revenues for local rubber firms, according to local securities companies.
With global rubber prices continuing to fall after a rout last year,
things are expected to remain very difficult for the industry, the
State-owned Viet Nam Rubber Group has warned.
In spite of the declining profits of rubber producers listed on the
Vietnamese stock markets following a decline in world rubber prices,
future prospects for the rubber industry remain bright.