KUALA LUMPUR, August 13 (Bernama) -- Natural rubber production rose by 5,491 tonnes or 8.4 per cent to 70,745 tonnes in June this year compared to the previous month.
Production, however, dropped by 9,954 tonnes from 80,699 tonnes on a year-on-year basis, said the Statistics Department in a statement Friday.
The main portion of natural rubber production was contributed by the smallholding sector with 93.6 per cent while the estate sector accounted for only 6.4 per cent, it said.
Natural rubber exports in June 2010 increased by 11.1 per cent when compared to the previous month while exports on a year-on-year basis rose strongly by 23.7 per cent, the department said.
Standard Malaysian Rubber (SMR) continued to be the main contributor to exports and recorded a total of 68,051 tonnes, of which 49.7 per cent was SMR20, it said.
Major destinations for Malaysia's natural rubber were China with 40.4 per cent, Germany with 13.5 per cent and South Korea with 5.8 per cent.
Malaysia imported 49,679 tonnes of natural rubber whereby latex concentrate accounted for 53.2 per cent of total imports.
The imported natural rubber came mainly from Thailand with 70.5 per cent, Vietnam with 10.2 per cent and Myanmar with 5.1 per cent.
Natural rubber stocks declined by 3,550 tonnes or 2.9 per cent to 117,226 tonnes when compared to the previous month while year-on-year comparison showed that the level of stocks decreased by 8.5 per cent.
Domestic consumption for natural rubber was at 35,977 tonnes, down by 11.4 per cent when compared to the previous month and a drop of 10.9 per cent in a while year-on-year comparison.
The main natural rubber consuming industry was rubber gloves at 70.3 per cent, followed by rubber thread at eight per cent as well as tyres and tubes at 7.9 per cent, the department said.
These three industries consumed 30,995 tonnes or 86.2 per cent of the total domestic consumption of natural rubber, it added.
(bernama.com)
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