Malaysia’s natural rubber production slides 32.4 percent month on month to 33,864 tonnes in April. (Photo: thesundaily.my)
Kuala Lumpur (VNA) – Malaysia’s natural rubber production slid 32.4percent month on month to 33,864 tonnes in April, according to the MalaysianStatistics Department.
The output fell 5.2 percent from the same time last year.
Besides, the Southeast Asian country recorded a 5 percent growth in naturalrubber exports, which stood at 55,930 tonnes in April.
China remains the main destination of exported natural rubber, accounted for41.9 percent of the total exports. It is followed by Germany where made up of14.4 percent of the total exports. Finland, Iran and the US accounted for 7.4percent, 6.1 percent and 3.3 percent, respectively.
The official data also showed stocks of natural rubber decreased by 9.5 percentto 183,096 tonnes from March.
In the month, total domestic consumption of natural rubber in April decreased0.6 percent month on month to 43,737 tonnes, with rubber glove consumptionaccounted for 75.6 percent of total used.
The Association of Natural Rubber Producing Countries' March data showed thatMalaysia was the fourth largest natural rubber producer, after Indonesia,Thailand and Vietnam.
Due to depressed natural rubber prices, Malaysia, Indonesia and Thailand agreedearlier to reduce their natural rubber exports by 240,000 tonnes for fourmonths from April. -VNA
Vietnam earned 220 million USD from shipping 175,000 tonnes of rubber abroad in January, up 10.8 percent in value and 28.9 percent in volume compared to the same month last year.
Three large producers of natural rubber in Southeast Asia, namely Thailand, Indonesia, and Malaysia, have agreed to cut down rubber exports by some 200,000-300,000 tonnes to tackle the decreasing price of the commodity.
The Vietnam Rubber Group (VRG) has reported that it tapped over 25,400 tonnes of rubber latex from its farms on a total area of 22.64ha in the Cambodian province of Kampong Thom in 2018.
Thailand will cut rubber exports by 126,240 tonnes next week for four months after a delay to implement a supply cut agreement with other regional producers, the Rubber Authority of Thailand said on May 16.
Vietnam earned 662 million USD from rubber exports in the first five months of the year, a year-on-year increase of 2.4 percent, according to the Ministry of Agriculture and Rural Development.
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Malaysia’s natural rubber production slides 32.4 percent month on month to 33,864 tonnes in April.
