Production of natural rubber increased 3.7 per cent in September 2020
Production of natural rubber increased 3.7 per cent in September 2020 to 46,187 tonnes as compared to 44,543 tonnes in the previous month. Meanwhile, compared to the same month in the previous year, it recorded a decrease of 25.2 per cent.
Exports of Malaysia's natural rubber amounted 48,720 tonnes in September 2020, an increase of 14.2 per cent against 42,658 tonnes in August 2020. People’s Republic of China remains as the main destination for natural rubber exports, with a share of 46.0 per cent of total exports in September 2020 followed by Germany (13.2%), Iran (3.8%), Finland (3.3%) and Brazil (3.1%).
Rubber gloves was the main export item with export value increasing by 25.6 per cent from RM3.0 billion in August 2020 to RM3.8 billion in September 2020. Among the highest exports of rubber gloves were to the United States, Germany and United Kingdom.
The stocks of natural rubber inclined in September 2020 with 255,140 tonnes as compared to 233,492 tonnes in August 2020 with an increase of 9.3 per cent.
Average price of Latex Concentrate recorded an increase of 484.57 sen per kilogramme as compared to August 2020 (467.71 sen per kilogramme). Standard Malaysian Rubber 20 (S.M.R. 20) also increased to 558.50 sen per kilogramme as compared to 538.68 sen per kilogramme for the same period.
Total domestic consumption for natural rubber was 45,207 tonnes, a decrease of 2.9 per cent as compared to the previous month. Rubber gloves industry dominates the use of natural rubber with 34,016 tonnes or 75.2 per cent from the total domestic consumption.
Released By:
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
Source DOSM