Malaysia's NR production declined in July

ERJ staff report (DS)

Kuala Lumpur - Malaysia's production of natural rubber (NR) in July 2012 declined to 85,321 tonnes. This is a decrease of 14,960 tonnes (-14.9 percent) compared to the year-ago figure and a decline of 545 tonnes (-0.6 percent) when compared to the June data.

Exports stood at 62,723 tonnes; and increase of 5,497 tonnes (+9.6 percent) from July 2011 and 2,590 tonnes (+4.3 percent) from June 2012. Standard Malaysian Rubber (SMR) contributed 95.3 per cent of total NR exports with 58.8 per cent comprise of SMR 20 .

The country imported 75,981 tonnes of NR in July, up by a massive 28,083 tonnes (+58.6 percent) on the year-ago figure and by 13,946 tonnes (+22.5 percent) from the June figure . A total of 39.2 per cent of the overall imports comprised of latex concentrate.

Domestic consumption of NR was recorded at 37,614 tonnes in July 2012. Comparing to June 2012, domestic consumption went up by 1,806 tonnes (+5.0 percent). Year-on-year comparison also shows an increase of 2,619 tonnes (+7.5 percent).

In July 2012, the average monthly price of latex concentrate was recorded at 643.52 sen per kilogramme. The average price of latex concentrate dropped when compared to the previous month and year at 20.19 sen (-3.0 percent) and 230.69 sen (-26.4 percent) respectively.

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Press release from Malaysian Statistics Office