The Department of Statistics Malaysia (DOSM) reported that natural rubber (NR) production rose marginally by 0.2% to 38,481 tonnes in November 2024 compared to October 2024. This marked a year-on-year increase of 25.5% from November 2023. Smallholders contributed the majority of production at 89%, with estates accounting for 11%.
NR exports totalled 43,562 tonnes, reflecting a 9.5% decline from October 2024. China remained the top export destination, representing 44.2% of total exports, followed by Germany (12.5%), the United States (10.5%), the UAE (8.6%), and Pakistan (4.5%). Gloves led rubber-based product exports, valued at RM1.4 billion in November, a 4.7% decrease from the previous month.
Total NR stocks rose by 12.3% to 151,197 tonnes in November, with rubber processors accounting for 88.6%. However, average prices for rubber products saw declines, with Concentrated Latex dropping 8.4% to 683.48 sen per kg and Scrap falling 1.3% to 728.68 sen per kg.
Global NR prices were mixed, influenced by tighter supply due to adverse weather in key producing nations and improved demand forecasts. The Kuala Lumpur rubber market showed slight gains towards the end of the month, supported by positive sentiment from China’s economic recovery and stimulus measures.
