Malaysian NR production rose slightly in September

ERJ staff report (DS)

Kuala Lumpur -- Malaysia produced 77,728 tonnes of natural rubber (NR) in September 2011, up by 4 percent on the year-before figure, but down by 18.8 percent on the previous month

Exports reached 79,255 tonnes, down by 1,251 tonnes (-1.6 percent) from the previous month but up by 15.3 percent for year-on-year. Standard Malaysian Rubber (S.M.R.) constituted 94.3 percent of total exports. The S.M.R 20 grade was the highest grade exported (59.0 percent). Malaysia's NR was exported mainly to China (50.0 percent), followed by Germany (12.1 percent), Rep. of Korea (4.3 percent), U.S.A (4.0 percent), Portugal (2.8 percent), Netherlands (2.1 percent), Turkey (2.1 percent), United Kingdom (2.0 percent) and Islamic Rep. of Iran (1.9 percent).

Imports amounted to 64,393 tonnes, up by 14,464 tonnes (+29.0 percent) from the previous month but 368 tonnes lower (-0.6 percent) than the year-ago figure. More than one third of the total imports were from the latex concentrate type (38.8 percent).

In September 2011, domestic consumption of NR was recorded at 32,642 tonnes, down by 442 tonnes (-1.3 percent) from August 2011.The figure was also down by 2,735 tonnes (-7.7 percent) when compared to a year ago.

The average monthly price of NR closed mixed as at the end of September 2011. When comparing to August 2011, the average price of latex concentrate dropped 4.1 sen (-0.5 percent) to 854.90 sen whereas the average price of S.M.R. 20 went up by 11.6 sen (0.9 percent) to 1,364.40 sen. However, year-on-year comparison shows that the average price of NR for this month is still at a higher level where the average price of latex concentrate and S.M.R. 20 increased 20.1 percent and 32.0 percent respectively.

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Press release from Malaysian Statistics office