North Sumatra`s rubber exports down 20 percent

North Sumatras rubber exports in the year to August 2016 plunged 20.84 percent compared to the same period last year.

“By August 2016, North Sumatras rubber and rubber product exports fell to US$633.996 million from US$800.864 million in the same period last year,” chief of the production statistic section at the Central Statistics Agency (BPS) office in North Sumatra, Bismark SP Sitinjak said here on Saturday.

The shortfall in foreign exchange earnings was the result of lingering global crisis, leading to low demand for the commodity in the global market. he said.

With the decline, the provinces rubber exports will most likely drop throughout this year compared to a year earlier, he said.