The rubber price is on fire. The high price of petroleum has driven up the cost of synthetic rubber, providing a boom for Societe Africaine de Plantations D'Heveas, Ivory Coast's largest natural rubber producer (46% of national production).
Societe Africaine de Plantations D'Heveas is enjoying a 22% net margin. Its customers, the likes of Michelin and Bridgeton, are seeing demand growing by 3% pa whilst its competitors (In SE Asia) are unable to expand acarage.
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