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Malaysia’s natural rubber production falls 10.3pc in October

KUALA LUMPUR (XINHUA) – Malaysia’s natural rubber production decreased by 10.3 per cent to 31,795 tonnes in October from 35,460 tonnes in September, official data showed yesterday.

The Department of Statistics Malaysia (DOSM) said in a statement that the year-on-year comparison showed that the production of natural rubber fell 26.3 per cent from 43,127 tonnes a year ago.

Meanwhile, exports of Malaysia’s natural rubber amounted to 41,548 tonnes in October, declined 23.8 per cent as against 54,542 tonnes in September.

China remained as the main destination for the country’s natural rubber exports, which accounted for 56.2 per cent of total exports in October, followed by Germany (8.2 per cent), Brazil (3.3 per cent), Finland (3.2 per cent) and Iran (three per cent).

According to the DOSM, the export performance was contributed by natural rubber-based products such as gloves, tyres, tubes and rubber threads. Gloves were the main exports of rubber-based products with a value of MYR1.1 billion in October, a decrease of 13.2 per cent as compared to MYR1.3 billion in September. Total stocks of natural rubber in October, on the other hand, slipped 0.3 per cent to 198,122 tonnes as compared to 198,706 tonnes in September.


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