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NEWS UPDATES 14 November 2009

Malaysia’s natural rubber production rose in September

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Malaysia’s production of natural rubber in September totalled 77,203 tonnes, up 3.4 percent (2,524 tonnes) compared with the previous month, national news agency Bernama reported, citing a statement released by the Statistics Department Friday.

Year-on-year, production slid 27.3 percent (28,941 tonnes). It said the smallholdings sector contributed 93.7 percent of total production with the estate sector, the remaining 6.3 percent.

Exports of Malaysian natural rubber in September contracted by 30.9 percent to 47,291 tonnes compared with August and dropped 43.3 percent (36,169 tonnes) in the same month of 2008.

Meanwhile, imports of natural rubber in September this year gained 0.1 percent over August and increased 54.4 percent when compared with the same month last year.

Domestic consumption of natural rubber declined 8.9 percent to 3,688 tonnes compared to August 2009 while it dipped 2 percent against the same month in 2008.

At the end of September, natural rubber stock rose 3.3 percent to 4,548 tonnes from August, but dropped 4.3% compared with a year ago. The average monthly price of latex concentrate rose 7.7 percent to 711.63 sen in September 2009 compared with August.

It was 25.8 percent lower compared with the previous corresponding month. Month-on-month, the total number of workers engaged was down by 0.6 percent, while year-on-year, a contraction of 6.9 percent was recorded.


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