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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAs of March 31, 2021, the net income of Société Africaine de Plantation d'Hévéas (SAPH) fell. It is 1506 million FCfa as of March 31, 2021 against 2479 as of March 31, 2020.
The Brvm in its "Bulletin de la cote" indicates that rubber turnover for the first quarter amounted to 42,236 million FCfa, a decrease of 2,608 million (‐6%) compared to that of the first quarter of 2020. This decrease of turnover is explained by a delay in shipments linked to loading problems with shipping companies.
In addition, the document notes that the upward trend in world rubber prices observed from the second half of 2020 continued in the first quarter of 2021. At USD 1.5640 per kilogram at the start of the year, rubber prices increased by 6% to settle at USD 1.6620 per kilogram at the end of March 2021.
The average observed in the first quarter of 2021 (USD 1.6620 per kilogram) is up very sharply compared to that observed in 2020 (USD 1.3176 per kilogram). This trend suggests that prices will be better than those seen in fiscal 2020.
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