16.4% fall in Malaysia's Q3 NR production

The Department of Statistics Malaysia (D0SM) has released data for the country’s natural rubber (NR) production and consumption for September 2022. 

During the month, NR production in Malaysia fell by 5.9 percent at 35,460, as compared to the previous month, August 2022 (37,666 tonnes). Year-on-year comparison also showed that NR production was down by 13.9 percent (September 2021: 41,180 tonnes). During September 2022, Malaysia’s NR production was mainly due to the contributions of the smallholders sector (87.9 percent) as compared to estates sector (12.1 percent).  

Malaysia’s total NR stocks during the month decreased by 5.7 percent to 198,659 tonnes as compared to 210,768 tonnes in August 2022. Rubber processor factories contributed 90.7 percent of the stocks, followed by rubber consumer factories (9.2 percent) and rubber estates (0.1 percent). 

According to the DoSM, the country’s NR exports amounted to 54,542 tonnes in September 2022, falling 9.4 percent month-on-month, compared to 60,170 tonnes in August. China was the main destination for Malaysia’s NR exports, accounting for 46.5 percent of total exports in September 2022, followed by Germany (6.1 percent), Brazil (4.0 percent), Iran (3.8 percent) and the U.S. (3.1 percent).  

Analysis of the average monthly price by the DoSM revealed that Latex Concentrated recorded a decrease of 7.4 percent (September 2022: 476.76 sen/kg, August 2022: 514.73 sen/kg) while scrap fell by 12.6 percent (September 2022: 465.86 sen/kg, August 2022: 533.29 sen/kg).  

The DoSM data showed that during the July-September 2022 quarter, Malaysia’s NR production rose by 48.7 percent year-on-year to 110,969 tonnes, as compared to 74,635 tonnes in the April-June 2022 quarter, but was down by 16.4 percent year-on-year, compared to the third quarter of 2021 (132,732 tonnes). 

Read more at INDIAN/INTERNATIONAL RUBBER JOURNAL

Reference : INDIAN/INTERNATIONAL RUBBER JOURNAL