Malaysia’s natural rubber production up 5.4% in Dec 2018 | DZHI - DZH International 

Malaysia’s natural rubber production up 5.4% in Dec 2018

  • i2Matrix
  • 12 February 2019
PETALING JAYA: Malaysia’s natural rubber production increased 5.4% to 54,992 tonnes in December 2018 from 52,174 tonnes in November 2018, according to the Department of Statistics.
However, year-on-year comparison showed the production dropped 18%.
Average price of latex concentrate declined 1% to 377.00 sen per kilogramme, whereas the average price of Standard Malaysian Rubber 20 (SMR 20) rose 1.7% to 518.18 sen per kilogramme as compared with the average prices in November 2018.
Malaysia’s natural rubber exports amounted to 48,183 tonnes, down 9% against 52,943 tonnes in November 2018.
The main destination of exported natural rubber was to China, accounting for 46.5% of total exports in December 2018, followed by Germany (14.8%), Finland and the US (4.6%) respectively and Iran (3.1%).
Domestic consumption of natural rubber in December 2018 was 41,823 tonnes against 42,971 tonnes during November 2018 with a decrease of 2.7%.
The rubber glove industry, as the main consumer, uses 76.2% (31,886 tonnes) of the total domestic consumption of natural rubber.
Stock of natural rubber stood at 173,848 tonnes, 2.3% higher than the 169,939 tonnes recorded at the end of November 2018.
-- The Sun



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Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

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