[ad_1]
In addition to the amount, export costs have additionally weakened
Medan (ANTARA) – The worth of North Sumatra’s rubber and rubber items exports fell by 19.79 p.c to US$221.001 million as of February 2022 attributable to a decline in gross sales.
“In the identical interval in 2021, the export worth of rubber and rubber items from North Sumatra had reached US$275.514 million, whereas in 2022, the determine has solely reached US$221.001 million,” head of the North Sumatra’s Statistics Indonesia (BPS) Nurul Hasanuddin, stated right here on Friday.
The decline in exports was seen in February, with the promoting worth falling to US$106.702 million in comparison with US$114.300 million in January.
“The decline in export worth has induced rubber and rubber items to drop to the third place from the second place to this point,” he stated.
Hasanuddin defined that the decline within the worth of rubber exports tended to be brought on by a lower in export quantity.
Because of the decline in rubber exports, the contribution of rubber and rubber items to North Sumatra’s whole exports throughout the identical interval additionally fell to solely 12 p.c.
Govt secretary of the Affiliation of Indonesian Rubber Corporations (Gapkindo) of North Sumatra, Edy Irwansyah, confirmed that there was a decline in rubber exports from North Sumatra, together with a decline within the promoting value of rubber within the worldwide market.
The decline in exports, he stated, was attributable to decrease manufacturing and transport disruptions on account of the COVID-19 pandemic.
Export volumes have fallen since January and shipments in February fell once more by 11.99 p.c to twenty-eight,698 tons attributable to weak demand from Russia.
“In addition to the amount, export costs have additionally weakened,” he stated.
The export value on April 7, 2022, was US$1.75 per kilogram from US$1.79 per kg earlier, he added.
Associated information: PUPR Ministry introduces rubber asphalt at Dubai Expo
Associated information: Gapkindo forecasts value of rubber exports to climb till finish of 2021
Associated information: Indonesian President pushes for growing extra export commodities
[ad_2]
Source link