Thursday, August 10, 2017

Value of Rubber Exports in North Sumatra Indonesia Up to 65.53% Y/Y

Central Bureau of Statistics (BPS) recorded the value of rubber export of North Sumatra until the first half of 2017 increased as much as 65.53 percent or to USD798, 915 million. The increase is due to the increase in volume and selling price.

"The same period in 2016, the export value of rubber from North Sumatra was still USD482,635 million," said Head of Central Statistics Bureau (BPS) Sumut Syech Suhaimi, as quoted from Antara, Medan, Thursday, August 10, 2017.

According to him, the increase in export value of rubber and rubber goods was driven by rising volume and selling price. With the increase of export value, the contribution of the goods category to the export of North Sumatra as a whole becomes bigger or 17.83 percent.

Executive Secretary of the Indonesian Rubber Companies Association (Gapkindo) Sumut Edy Irwansyah said that rubber export price in 2017 is better than 2016. Rubber export price in January 2017, for example, has penetrated USD2,11 and in February USD2,20 per kg. The price is higher than the position of January 2016 which is still at 1, 30 percent.

"Although prices have fallen back or stay USD1.49 per kg in July, but prices in 2017 remain better than 2016," he concluded.

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