Natural rubber production rose 14.3 % in December 2017

rubberNatural rubber production rose 14.3 % in December 2017 to 67,125 tonnes from 58,733 tonnes produced in the previous month, said the Department of Statistics.

Stocks rose 6.4 % to 230,315 tonnes at the end of December 2017 compared with the preceding month and was 13.2 % better than December 2016.

The smallholdings sector accounted for more than 90 % of the rubber produced in December, said the department in a statement today.

Exports in the month under review increased 9.3 % to 51,995 tonnes and the five main destinations for Malaysia’s natural rubber were China, Germany, Iran, the United States and Finland.

Meanwhile, domestic consumption of natural rubber increased 2.7 % to 43,617 tonnes in December versus 42,268 tonnes consumed in the previous month.