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Malaysia’s natural rubber production falls over 30 percent in April
Malaysia’s natural rubber production slid 32.4 percent month on month to 33,864 tonnes in April, according to the Malaysian Statistics Department.
The output fell 5.2 percent from the same time last year.
Besides, the Southeast Asian country recorded a 5 percent growth in natural rubber exports, which stood at 55,930 tonnes in April.
China remains the main destination of exported natural rubber, accounted for 41.9 percent of the total exports. It is followed by Germany where made up of 14.4 percent of the total exports. Finland, and the US accounted for 7.4 percent, and 3.3 percent, respectively.
The official data also showed stocks of natural rubber decreased by 9.5 percent to 183,096 tonnes from March.
In the month, total domestic consumption of natural rubber in April decreased 0.6 percent month on month to 43,737 tonnes, with rubber glove consumption accounted for 75.6 percent of total used.
The Association of Natural Rubber Producing Countries' March data showed that Malaysia was the fourth largest natural rubber producer, after Indonesia, Thailand and Vietnam.
Due to depressed natural rubber prices, Malaysia, Indonesia and Thailand agreed earlier to reduce their natural rubber exports by 240,000 tonnes for four months from April.