KUALA LUMPUR, Jan 13 (NNN-BERNAMA) – Malaysia’s natural rubber production, decreased by 11.8 percent to 28,048 tonnes in Nov, 2022, from 31,795 tonnes in the previous month, official data showed today.
The year-on-year comparison also showed that, the production of natural rubber fell eight percent from 30,493 tonnes a year ago, the Department of Statistics Malaysia said, in a statement.
Exports of Malaysia’s natural rubber amounted to 51,104 tonnes in Nov, an increase of 23 percent against 41,548 tonnes in Oct, 2022.
China remained the main destination for Malaysia’s natural rubber exports.
The export performance was contributed by natural rubber-based products, such as gloves, tires, tubes, and rubber threads, etc.
Gloves, which were the main exports of rubber-based products, saw its export value decrease by five percent from 1.13 billion ringgit (260 million U.S. dollars) in Oct, to 1.1 billion ringgit (253 million dollars) in Nov.
Total stocks of natural rubber in Nov dropped by 1.4 percent to 195,353 tonnes as compared to 198,181 tonnes in Oct.– NNN-BERNAMA
