Malaysia's Natural Rubber production rises 30.2% in May
Commodity Online | July 19 2019
UPDATED 16:50:10 IST

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Malaysia's natural rubber production rose 30.2% from a month earlier to 44,164 tonnes in May, official data showed.

The Malaysian Statistics Department said in a statement that on yearly basis, the natural rubber production increased by 23.5% from 35,761 tonnes.

Meanwhile, Malaysia's natural rubber exports in May grew 1.6% month-on-month to 56,850 tonnes.

China remains the main destination of exported natural rubber, accounted for 50.5% of the total exports, followed by Germany which made up 12.4%.

Iran, the United States and Finland were another three key exports markets, accounted for 4.9%, 3.7% and 3.2% respectively.

Natural rubber stocks fell 3.4% in May month-on-month to 176,520 tonnes.

Total domestic consumption of natural rubber also dropped 1.4 percent month-on-month to 43,546 tonnes.

In terms of average price, price of Latex Concentrate decreased by 2.3% month-on-month to 484.30 sen per kg, whereas price of Standard Malaysian Rubber 20 (S.M.R. 20) rose 1.9% to 625.65 sen per kg.

 

Commodity Arrivals Rate
Mustard Oil NR 10050.00
Coconut Oil 2 18000.00
Arecanut 1.66 20500.00
Sugar NR 3500.00

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