Malaysian NR production up in February

ERJ staff report (DS)

Kuala Lumpur -- Production of natural rubber (NR) in Malaysia increased by 12.9 percent in February 2011 compared to the year-earlier figure. Total production of natural rubber in the month was 91,449 tonnes, down by 17,176 tonnes (-15.8 percent) on the January figure.

In February 2011, total exports of NR registered a reduction of 8,505 tonnes (-10.9 percent) to 69,638 tonnes compared to January 2011. However, year-on-year, exports increased by 4,342 tonnes (+6.6 percent). The main type of rubber exported was again Standard Malaysian Rubber (S.M.R) at 94.8 percent of which 56.2 percent was S.M.R. 20.

Imports of NR for February 2011 totalled 54,083 tonnes, a decrease of 16,468 tonnes (-23.3 percent) from the previous month. Nevertheless, when compared to a year ago, imports for this month was 7.4 percent higher than February 2010. Latex concentrate was the main type of rubber imported and accounted for 47.3 percent of total imports.

The level of stocks of NR held at the end of February 2011 was 191,538 tonnes, increasing by 12,927 tonnes (+7.2 percent) from the level of stocks of the previous month. However, the level of stocks was lower by 2,147 tonnes (-1.1 percent) when compared to the same month last year. Rubber Processors were the main holders of NR stocks (90.4 percent).

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Press release from Malaysian Statistics Office