KUALA LUMPUR – Malaysia’s natural rubber (NR) production decreased by 5.9% month-on-month (m-o-m) in September 2022 to 35,460 tonnes.
The Statistics Department (DOSM) said that on a year-on-year (y-o-y) basis, the output fell by 13.9%.
The smallholder sector was the main contributor to production at 87.9% while the estate sector contributed 12.1%, it said in a statement today.
Total NR stockpile shrank by 5.7% m-o-m to 198,659 tonnes in September from 210,768 tonnes in August, with rubber processing factories holding 90.7% of the stocks followed by factories consuming rubber (9.2%) and rubber estates (0.1%).
Meanwhile, Malaysia’s NR exports in the month under review amounted to 54,542 tonnes, down 9.4% against 60,170 tonnes in August 2022. China remained the main destination, accounting for 46.5% of the total shipment in September, followed by Germany (6.1%), Brazil (4.0%), Iran (3.8%) and the United States (3.1%).
The average monthly price of latex concentrate recorded a decrease of 7.4% to 476.76 sen per kg from 514.73 sen per kg in August 2022.
As for scrap rubber’s average price, DOSM said it declined by 12.6% to 465.86 sen per kg in September from 533.29 sen per kg in the preceding month.
For the third quarter of 2022, NR production declined by 16.4% y-o-y to 110,969 tonnes. – Bernama, November 10, 2022
