In November, the natural rubber inventory stood at 216,414 tonnes in November 2019 compared to 189,085 tonnes in October 2019
by SHAHEERA AZNAM SHAH/ pic by MUHD AMIN NAHARUL
MALAYSIA’S natural rubber production rose 1.6% in November last year to 53,019 tonnes compared to the previous year’s corresponding period.
Department of Statistics Malaysia (DoSM) chief statistician Datuk Seri Dr Mohd Uzir Mahidin said that on a month-to-month (MoM) comparison, the rubber production also rose 9.3% from 48,528 tonnes that was recorded in October 2019.
Mohd Uzir said despite the increase in production, the country’s natural rubber exports fell 6.2% to 47,888 tonnes against 50,600 tonnes recorded in October.
“The primary natural rubber export destination is China with a share of 46.7% from total exports in November 2019 followed by Germany at 9.5%, Finland at 4.2%, the US at 3.3% and Brazil at 2.8%,” he said in a statement yesterday.
The imports of natural rubber surged 60.6% MoM to 144,250 tonnes from 89,809 tonnes in October last year.
In November, the natural rubber inventory stood at 216,414 tonnes in November 2019 compared to 189,085 tonnes in October 2019, an increase of 14.5%.
Mohd Uzir said the average price of latex concentrate rose 3.5% to 440.55 sen per kg in November 2019 compared to the price in the previous month.
Similarly, the average price of Standard Malaysian Rubber 20 (SMR20) also increased by 5.5% to 566.12 sen per kg for the same period.
The total domestic consumption of natural rubber was 40,631 tonnes, a decrease of 3.2% against 41,989 tonnes in October 2019.
Mohd Uzir said the rubber gloves industry still dominates the use of natural rubber with 30,425 tonnes or 74.9% of the total domestic consumption.
According to data, the number of paid workers in the rubber industry decreased by 0.3% to 11,002 in November from 11,035 in the previous month.
The total of salaries and wages for workers in rubber estates rose 3.4% to RM17.49 million in November from RM16.92 million in October.