Overview

Natural rubber production increased 11.4 per cent in August 2018

Malaysia’s natural rubber production rose by  11.4 per cent in August to  62,862 tonnes as compared to  56,454 tonnes in July. For year-on-year, the production showed an increase of  2.9 per cent.

Average price of Latex Concentrate was recorded at  406.95 sen per kilogramme, decreased  2.0 per cent whereas the average price of Standard Malaysian Rubber 20 (S.M.R. 20) was  542.98 sen per kilogramme, increased  2.9 per cent as compared to the average price in July 2018.

Malaysia’s  natural rubber exports amounted to  57,670 tonnes and showed a growth of  2.1 per cent. China  remains  as  the  main  destination,  accounting for  52.1 per cent  of  total  exports  in  August,  followed  by  Germany  (13.0%),  Iran (5.5%),  Korea  (3.3%)  and Finland (3.1%).

Domestic consumption of natural rubber in August 2018 was  42,755 tonnes against  44,188 tonnes during July 2018, with a reduction of  3.2 per cent. The rubber glove industry as the main consumer uses  31,930 tonnes or  74.7 per cent of the total natural rubber domestic consumption.

Stock of natural rubber stood at  185,670 tonnes, gained by  0.02 per cent as compared to  185,640 tonnes at the end of July.

*Notes:

Data for August 2018 is  provisional. The data will be updated based on the latest available figures and subsequently published in the September 2018 publication.

Released By:

DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
 DrUzir_Mahidin    Dr_Uzir

12 October 2018

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