Malaysia's January rubber production rises 13.3 per cent

Source: Xinhua | 2020-03-14

Malaysia's natural rubber production surged 13.3 percent to 66,232 tonnes in January from a month earlier, official data showed Friday.

However, on a yearly basis, the natural production slumped 13 percent.

According to Malaysian Statistics Department, Malaysia's natural rubber exports fell 9.3 percent month on month to 45,827 tonnes.

China remains as Malaysia's top market, accounted for a share of 44.3 per cent.

In January, the country's natural rubber stocks grew 17.8 percent month on month to 288,586 tonnes.

Latex Concentrate average price rose 1 percent month on month to 459.6 sen per kilogram, but Standard Malaysian Rubber 20 average price fell 0.9 percent to 590.38 sen in January.