Production of natural rubber across Malaysia increased by 48.9 per cent in the month of June, 2022 to 31,369 tonnes as compared to 21,073 tonnes the previous month.
However, the year-on-year comparison showed that the production of natural rubber decreased by 19.2 per cent; whereas, production stood at 38,807 tonnes in June 2021.
The data was released today by the Department of Statistics, Malaysia under its publication dubbed the Monthly Rubber Statistics Malaysia, June 2022.
The report cited production of natural rubber in June 2022 for Malaysia was mainly contributed by smallholders which accounted for 87.2% of the total while estates contributed 12.8%.
Total stocks of natural rubber in June 2022 decreased by 3.0 per cent to 280,826 tonnes as compared to 289,429 tonnes in May 2022.
Larger rubber processing factories contributed some 92.9 per cent of the stocks followed by rubber consumers factories (7.0%) and rubber estates (0.1%).
Malaysia’s natural rubber exports in June 2022 amounted to 58,556 tonnes which increased by 35.6 per cent as against May 2022 of 43,194 tonnes.
China remained the main importer of the natural rubber, accounting for 39.8 per cent of the total exports in June 2022 followed by the US (5.8%), Germany (5.3%), Finland (3.8%) and Turkey (2.7%).
The demand for the commodity was contributed by natural rubber-based products such as gloves, tyre, tube, rubber thread and condom.
The rubber glove industry were the main takers importing of the commodity, with a value of RM3.2 billion in June 2022, an increase of 98.5 per cent as compared to May 2022 (RM1.6 billion).
Analysis of the average monthly price showed that Concentrated Latex recorded a decrease of 5.7 per cent (June 2022: 632.69 sen per kg, as against May 2022: 670.69 sen per kg) while, for the type of Scrap category increasing by 2.9 per cent (June 2022: 582.21 sen per kg, as against May 2022: 565.84 sen per kg).
The movement of prices for all Standard Malaysian Rubber (S.M.R) categories was mixed with a decline of 5.6 per cent and increase of up to 1.2 per cent.
World Bank Commodity Price Data reported prices for TSR 20 (Technically Specified Rubber) and SGP/MYS (Singapore/Malaysia) increased 1.2 per cent (from USD1.62/kg to USD1.64/kg) and decreased 1.4 per cent (from USD2.06/kg to USD2.03/kg) respectively.
Meanwhile, the overall performance of the second quarter of 2022 showed that natural rubber production declined by 25.8 per cent to 74,940 tonnes as compared to 101,045 tonnes in the first quarter of 2022. The annual performance of Malaysia’s natural rubber production recorded a decrease of 16.7 per cent in the second quarter of 2022, as compared to the same period of 2021 (89,985 tonnes).
