Malaysia rubber production registers double-digit declines

Kuala Lumpur – Natural rubber production in Malaysia decreased by 13.9% year-on-year in September to 35,460 tonnes, data released 10 Nov by the department of statistics Malaysia shows.

On a quarterly basis, Malaysia's natural rubber production fell by 16.4% in the three months to end of September to 110,969 tonnes, according to the official data, issued 10 Nov.

Production of natural rubber in September 2022 for Malaysia was mainly contributed by smallholders sector, as 87.9%, as compared to estates sector 12.1%.

Malaysia’s total stocks of natural rubber decreased by 5.7% in September to 198,659 tonnes, as compared to 210,768 tonnes noted for the previous month.

Rubber processing factories, that month, accounted for 90.7% of the stocks, followed by: rubber consumers factories, 9.2%; and rubber estates 0.1%.

Continuing the downward trend, Malaysia exported of natural rubber 54,542 tonnes in September, 9.4% less than in August.

China remained as the main destination for Malaysian natural rubber exports, accounting for 46.5% of total exports in September 2022: followed by Germany, 6.1%; Brazil, 4.0%; Iran, 3.8%: and the US, 3.1%.

In an analysis of average monthly prices, ‘latex concentrated’ recorded a month-on-month decrease of 7.4% in September to 476.76 sen per kg, while ‘scrap’ fell by 12.6% to 465.86 sen per kg.