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Natural rubber production down 14% in April

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China remains the main destination for natural rubber exports, accounting for 48.4% of total exports in April.

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Free Malaysia Today
Malaysia’s natural rubber production dropped 13.7% in April compared to the previous month.

PETALING JAYA:
Malaysia’s natural rubber (NR) production decreased by 13.7% to 23,460 tonnes in April from 27,188 tonnes in March, said the statistics department.

However, NR output increased year-on-year, up 3.4% from 22,695 tonnes in April 2022, it said.

“The smallholders sector contributed 87.7% of the production while the estates sector accounted for 12.3%,” the department said in a statement today.

Meanwhile, total NR stock decreased by 4.5% to 194,527 tonnes in April 2023 from 203,757 tonnes in the preceding month.

Rubber processing factories made up 91.2% of April’s stock, followed by rubber consumers factories (8.7%) and rubber estates (0.1%), it said.

The department also stated that exports of Malaysia’s NR amounted to 37,728 tonnes in April 2023, which decreased 17.6% from 45,789 tonnes in March 2023.

China remained the main destination for NR exports, accounting for 48.4% of total exports in April 2023, followed by Germany (11.7%), Pakistan (5.6%), Turkey (3.9%), and Portugal (3.3%).

“The export performance was contributed by NR-based products such as gloves, tyres, tubes, rubber threads and condoms.

“Gloves were the main exports of rubber-based products with a value of RM0.8 billion in April 2023, a decrease of 32.6% from RM1.2 billion in March 2023,” it said.

The average monthly price showed that latex concentrate recorded a decline of 6.6% to 495.00 sen per kg in April 2023 from 530.11 sen per kg in the preceding month, while scrap decreased by 0.7% to 465.21 sen per kg from 468.68 sen per kg previously.

Prices for all standard Malaysian rubber decreased between 0.1% and 6.6%.

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