VietNam raises 2011 rubber exports forecast

VietNam, the world's fourth largest natural rubber exporter, has raised its rubber export forecast for this year to 780,000-800,000 tonnes from a prior projection of 770,000 tonnes due to higher output, an industry official said on Monday.

"The output is rising as the planting area has been expanded," General Secretary Tran Thi Thuy Hoa of the Vietnam Rubber Association said.

She said the forecast for a late ending of the rainy season would not hit latex production because rains at the end of the wet season are normally light.

"It won't affect output, while on the other hand it is helping rubber trees so the output could rise next year," Hoa said in an interview.

She forecast Vietnam's rubber output in 2012 could rise 3-5 percent to at least 803,000 tonnes, from 780,0000-800,000 tonnes expected this year.

REUTERS

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