Natural rubber production in September 2019 increased 7.2 per cent
Malaysia's natural rubber production in September 2019 increased 7.2 per cent as compared to the previous month, from 57,599 tonnes to 61,731 tonnes. For year on year comparison, the production also showed an increase of 28.4 per cent as compared to September 2018.
Exports of Malaysia's natural rubber amounted 48,058 tonnes, decreased by 14.0 per cent against 55,879 tonnes in August 2019. People’s Republic of China remains as the main natural rubber export destination with a share of 48.6 per cent from total exports in September 2019 followed by Germany (9.8%), Iran (6.9%), Finland (4.6%) and U.S.A. (3.5%).
Stocks of natural rubber was 189,454 tonnes in September 2019 as compared to 182,695 tonnes in August 2019, an increase of 3.7 per cent.
Average price of Latex Concentrate was 438.28 sen per kilogramme in September 2019, decreased by 0.2 per cent. In contrast, the average price of Standard Malaysian Rubber 20 (S.M.R. 20) increased 1.6 per cent to 551.39 sen per kilogramme as compared to August 2019.
Total domestic consumption of natural rubber was 39,264 tonnes, decreased 6.0 per cent against 41,750 tonnes as reported in August 2019. Natural rubber is widely used in the rubber glove industry with 29,459 tonnes or 75.0 per cent of the total domestic consumption.