Malaysian rubber exports in March down
ERJ staff report (TP)
Kuala Lumpur – Malaysian natural rubber exports in March declined 3,981 tonnes or 5.4 percent versus the same period a year ago, the Statistics Department said on 12 May, reported the New Straits Times.
On a month-on-month basis, total natural rubber exports decreased by 4,685 tonnes (-6.3 percent) from February 2014.
Standard Malaysian Rubber (SMR) contributed 92.5 percent to total exports, with 62 percent of that comprising SMR 20.
Natural rubber was exported mainly to China (52.4 percent), followed by Germany (13.1 percent), the US (4.0 percent), Brazil (2.8 percent), South Korea (2.7 percent), Iran (2.2 percent), Turkey (2.0 percent) and Portugal (2.0 percent).
Imports on a year-to-year basis dipped 12,654 tonnes or 17.2 percent, whilst month-on-month, it dropped 2,337 tonnes or 3.7 percent.
Production for the month under review totalled 41,973 tonnes, easing 41.6 percent year-on-year, with the smallholding sector at 93.1 percent, while the estate sector only contributed 6.9 percent.
Kedah produced the highest natural rubber among estates accounting for 20.4 percent, followed by Perak (19.2 percent) and Negeri Sembilan (17.3 percent).
Total domestic consumption in March was 37,188 tonnes, down by 129 tonnes or 0.3 percent, with the rubber gloves industry being the largest consuming sector at 69.7 percent, followed by rubber thread (9.4 percent) and tire and tubes (7.5 percent).
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Full story from the New Straits Times