Natural Rubber Production Dropped 26.8% In November: DoSM
The Department of Statistics Malaysia (DoSM) said Malaysia’s natural rubber production has dropped 26.8% to 31,577 tonnes in November 2021 from 43,127 tonnes in the previous month.
According to the Monthly Rubber Statistics report (Nov 2021), the annual comparison also revealed a 25.8 percent decrease in production compared to 42,554 tonnes in November 2020.
“The decline in production was due to supply disruptions at the supply level due to weather uncertainties and high rainfall factors,” says Chief Statistician Datuk Seri Mohd Uzir Mahidin.
“Total natural rubber stocks decreased 4.2%to 269,757 tonnes in November 2021 compared to 281,718 tonnes in October 2021.
“Rubber processing plants accounted for the final stock of 92.0% followed by rubber consumer factories (7.9%) and rubber estates (0.1%),” he says.
Uzir noted the production in November was contributed mainly by the smallholder sector (89.8%) compared to the estate sector (10.2%). (10.2%).
Furthermore, he stated that Malaysia’s natural rubber production increased by 7.7% in the first eleven months of 2021, to 429,062 tonnes, compared to 464,878 tonnes in the same period in 2020.
Natural rubber exports fell 2.0 percent to 60,942 tonnes in November 2021, from 62,167 tonnes the previous month.
“Rubber glove products are the main export with a value of RM2.5 billion in November 2021, a decrease of 4.9 percent from RM2.6 billion in October 2021,” he says.
According to Uzir a comparative analysis of monthly average prices revealed that latex increased by 6.2% last November to 553.64 sen per kilogramme, up from 521.20 sen per kilogramme in October 2021.
“The same thing happened with all types of Malaysian Quality Rubber (SMR), which increased by 1.1% to 6.1%,” he says.