Natural rubber in March 2019 dropped by 16.2 per cent
Malaysia’s natural rubber production in March 2019 was 49,465 tonnes, an increase of 6.6 per cent as compared to March 2018. Month-on-month comparison showed the production of natural rubber declined by 16.2 per cent from 59,017 tonnes in February 2019.
Malaysia's natural rubber exports amounted to 53,265 tonnes, increased by 29.6 per cent against 41,102 tonnes in February 2019. China is the main destination of exported natural rubber, 43.2 per cent of the total exports in March 2019 followed by Germany (12.0 %), Finland (7.8%), U.S.A (4.8%) and Turkey (4.0%).
Stocks of natural rubber recorded at the end of March 2019 dropped 6.0 per cent from 214,771 tonnes in February 2019 to 201,792 tonnes.
Average price of Latex Concentrate in March 2019 was 474.19 sen per kilogramme, gained by 15.5 per cent whereas the average price of Standard Malaysian Rubber 20 (S.M.R.20) also increased 6.2 per cent to 592.62 sen per kilogramme as compared to the average price in February 2019.
Total domestic consumption of natural rubber in March 2019 was 43,770 tonnes, an increase of 9.1 per cent against 40,121 tonnes as reported in February 2019. Natural rubber is widely used in the manufacturing of rubber glove industry with a consumption of 32,848 tonnes or 75.0 per cent of the total domestic consumption.
Data for March 2019 is provisional. The data will be updated based on the latest available figures and subsequently published in the April 2019 publication.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
13 May 2019
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7187 / 7942
Fax : +603-8888 9248
Email : jpbkkp[at]dosm.gov.my