Natural Rubber Production Eases 13.9 Pct To 30,929 Tonnes In September - DOSM
KUALA LUMPUR, Nov 12 (Bernama) -- Malaysia’s natural rubber (NR) production decreased by 13.9 per cent to 30,929 tonnes in September 2024 compared to 35,908 tonnes in August 2024, according to the Department of Statistics Malaysia (DOSM).
Year-on-year comparison showed that the production of NR fell by 5.6 per cent from 32,757 tonnes in September 2023.
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said NR production in the month was mainly contributed by the smallholders sector at 85.9 per cent compared to 14.1 per cent by the estates sector.
“Total stocks of NR in September 2024 decreased by 1.6 per cent to 130,608 tonnes as compared to 132,755 tonnes in August 2024, while rubber processors factory contributed 88.6 per cent of the stocks, followed by rubber consumers factory (11.2 per cent) and rubber estates (0.2 per cent),” he said in a statement today.
Meanwhile, exports of Malaysia’s NR amounted to 39,915 tonnes in September 2024, a 30.6 per cent decline compared with August 2024’s 57,482 tonnes, contributed by NR-based products such as gloves, tyres, tubes and rubber thread.
DOSM said China remained the main destination for NR exports, accounting for 32.1 per cent of total exports in September 2024, followed by the United Arab Emirates (15.6 per cent), Germany (11.7 per cent), the United States of America (US) (6.6 per cent), and Portugal (5.3 per cent).
“Gloves were the main exports of rubber-based products with a value of RM1.2 billion in September 2024, a decrease of 23.0 per cent compared to August 2024 (RM1.6 billion),” it said.
Citing the Malaysia Rubber Board Digest published in September 2024, DOSM said the Kuala Lumpur rubber market showed an upward trend during the review period, with SMR 20 prices fluctuating within a narrow range.
“This positive sentiment was driven by concerns over tight NR supply due to unfavourable weather forecasts in major producing countries.
“Global optimism also rose after significant US interest rate cuts and China’s stimulus measures,” it added.
-- BERNAMA
