Malaysian NR production on the rise in April

ERJ staff report (DS)

Kuala Lumpur, Malaysia -- Malaysia's production of natural rubber is on the increase once more, with total production of 54,530 tonnes in April, up by 8.9 percent on the same period a year ago. The output was down by 22.5 percent on the production in March.

Exports were alo up on the same month a year ago, at 68,452 tonnes. This figure was up by 50 percent on APril 2009, but down by 25 percent on March 2010. China was the main buyer of NR with 26.7 percent, followed by Germany 16.4 percent, USA 7.8 percent, Republic of Korea 5.8 percent, Netherlands 4.5 percent, Brazil 4.0 percent, France 3.3 percent, Finland 3.1 percent and Portugal 2.8 percent.

IMports of NR were more or less stable, at 49,342 tonnes. This is 4 percent dopwn on April 2009, and 6.7 percent lower than timports during March 2010. Malaysia imported 61.8 percent of NR from Thailand, Myanmar 5.6 percent, Philippines 5.3 percent, Indonesia 5.1 percent and Vietnam 2.5 percent. The combined total from these five countries accounted for 80.3 percent of total imports.

Domestic consumption was also stable, at 37,603 tonnes. This is 0.7 percent higher than the figure from APril 2009, but 11.6 percent lower than March 2010.

In April 2010, the average price of rubber was still strong and encouraging. The average monthly price of latex concentrate rose 3.0 percent (756.26 sen) for month-on-month comparison while for year-on-year, it surged 77.8 percent.

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Press release from Malaysian Statistics office