Further decline in Malaysian NR production

ERJ staff report (DS)

Kuala Lumpur -- Malaysia's production of natural rubber (NR) decreased still further in November, 2009, despite high prices. The country produced 62,883 tonnes, a decrease of 10.4% (7,304 tonnes) compared to November 2008 and 19.0% (14,737 tonnes) less than the previous month.

S.M.R. 20 prices in November 2009 rose 7.9% percent, to 816.50 sen ($2.45) compared with the previous month, but were 36.5 percent higher than November 2008.

Exports in the month reached 64,969 tonnes, an increase of 23.0 percent compared to the figure a year earlier, but down by 20.9 percent on the October figure.

NR imports totalled 63,863 tonnes, up by 36.2% on the same month a year earlier, and down by 14.3% when compared to the previous month. Y

At the end of November 2009, total stocks of NR held was 133,604 tonnes, a decrease of 8.3% (12,032 tonnes) over the level of stocks held in the previous month. Similarly, a decrease of 10.1% was recorded when compared to the same month last year.

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Press release from Malaysian Statistics office