ERJ staff report (DS)
Kuala Lumpur -- Production of natural rubber in Malaysia reached 85,800 tonnes in October 2011, down by 8.8 percent on the same month last year. The figure was up by 10.4 percent on the previous month.
Exports of Malaysian NR in October amounted to 78,967 tonnes, up by 1.3 percent on the year-before figure, but down by 0.4 percent when compared with September 2011. Standard Malaysian Rubber (S.M.R.) constituted 93.9 percent (74,142 tonnes) of total exports. Of that, S.M.R. 20 accounted for 57.6 percent.
Imports of NR reached 61,123 tonnesup by 1.8 percent (1,079 tonnes) compared to that of the same month last year and down by 5.1 percent (3,270 tonnes) when compared with the previous month. The main type of rubber imported was latex concentrate which accounted for 38.3 percent of total imports in the reference month.
Domestic consumption of NR in October 2011 was 35,394 tonnes, down by 6.6 percent on the same month a year ago, but up by 8.5 percent compared to September 2011.
In October 2011, the average monthly price of latex concentrate was 806.00 sen, dropped 5.7 percent compared to September 2011. Nevertheless, the average price of latex in October 2011 was 5.5 percent higher when compared to a year ago.
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Press release from Malaysian Statistics office