Malaysia, the world's third-largest natural rubber producer after Thailand and Indonesia, produced 54,530 metric tonnes of natural rubber in April or up 8.9% on year, according to the latest figures released by the Malaysian Department of Statistics.
Output, however, was down 22% from March due to fewer trees being tapped because smallholders wanted to keep labour cost in check. March output was at 70,318 tonnes.
Malaysia’s rubber stocks at the end of April rose 36% on year to 138,511 tonnes. Rubber imports were down 4% to 49,342 tonnes while exports were up 50% to 68,452 tons. Latex concentrate, the main material in the glove industry, and standard rubber made up 52% and 28% of imports, respectively.
Dometis rubber consumption rose 0.7% on year to 37,603 tons, of which around 68% was in the glove industry.
(irco.biz)
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