RTTNews) - Malaysian natural rubber production rose 8.4% in June from May to 70,745 tonnes, data from the Department of Statistics showed Friday. Meanwhile, production recorded an annual 12.3% fall. The main portion of production was contributed by the small holding sector with 93.6%, while the estate sector accounted for remaining 6.4%.
Export of natural rubber totaled 71,339 tonnes, up by 11.1% from May. Annually, exports increased strongly by 23.7%. Standard Malaysian Rubber continued to be the main contributor to exports. Some of the major destinations of natural rubber were China, Germany, Republic of Korea, U.S.A., and Brazil.
On the other hand, import of natural rubber dropped 0.2% month-on-month and 35.2% annually. Malaysia imported natural rubber mainly from Thailand, Vietnam, Myanmar, Philippines and Indonesia. Total imports from these five nations accounted for 91.7% of total imports.
Domestic consumption of natural rubber in June was 35,977 tonnes. Consumption was down 11.4% from May and dipped 10.9% from June 2009.
(dailymarkets.com)
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