KUALA LUMPUR, Sept 14 (NNN-Bernama) — Malaysia’s natural rubber (NR) production increased by 21.2 per cent month-on-month (m-o-m) in July 2022, said the Department of Statistics Malaysia (DoSM).
Year-on-year comparison showed that the production of NR decreased by 21.8 per cent, it said in a statement today.
“Production of NR in July 2022 for Malaysia was mainly contributed by smallholders’ sector with 88.5 per cent as compared to estates sector with 11.5 per cent,” it said.
Total stocks of NR decreased by 20.1 per cent m-o-m to 224,591 tonnes in July with rubber processors factory contributing 91.8 per cent of the stocks followed by rubber consumers factory (8.2 per cent) and rubber estates (0.1 per cent).
Exports of Malaysia’s NR fell 8.4 per cent m-o-m to 53,771 tonnes in July 2022, with China remaining the main destination accounting for 48.1 per cent of the total shipment, followed by Germany (6.4 per cent), the United States (4.2 per cent), Finland (3.8 per cent) and Pakistan (3.0 per cent).
“Analysis of the average monthly prices showed that latex concentrated recorded a decrease of 15.9 per cent (m-o-m) to 532.28 sen per kg in July 2022, while scrap rubber declined by 2.8 per cent (m-o-m) to 566.13 sen per kg,” it added.
— NNN-BERNAMA
