June natural rubber output up 16.3%

PETALING JAYA: ’s natural rubber production in June 2018 increased by 16.3% to 41,578 tonnes from 35,761 tonnes in the previous month, according to Department of Statistics.

For year-on-year, the production decreased by 17.9%, it said in a statement today.

It said the average price of latex concentrate was recorded at 439.83 sen per kilogramme (kg) whereas the average price of Standard Malaysian Rubber 20 was 545.2 sen per kg, both diminished at 9.7% and 2.8% respectively from May 2018.

Malaysia’s natural rubber exports amounted to 52,395 tonnes in June 2018 and showed a decrease of 8.5% against the previous month. The main destinations for natural rubber exports were , Germany, Iran, Turkey and the US.

Meanwhile, the department said the domestic consumption of natural rubber in June 2018 shrank by 7.3% to 40,830 tonnes, while the rubber glove industry remained the natural rubber domestic consumer at 76.9%.

The level of natural rubber stocks decreased by 9.2% to 196,410 tonnes at the end of June 2018.

Source: The Sun Daily

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