29 Oct 2024
But output dropped 5.2% month-on-month, according to the latest government data
Kuala Lumpur - Malaysia's natural rubber (NR) production for the month of August grew 14.9% year-on-year to just under 36,000 tonnes, according to latest official data.
Output for the month was, however, down 5.2% compared 37,960 tonnes reported in July, Malaysia’s ministry of economy reported 10 Oct.
August stock levels decreased by 13.7% month-on-month to 127,876 tonnes, while NR exports totalled 57,482 tonnes of NR, 19.2% higher than in July.
China remained the main destination for natural rubber exported from Malaysia, accounting for 25.8% of the total during the eight month of the year.
The UAE (20.1%), Germany (10.1%), the US (9.6% percent) and India (8.3%) made up the other top five destinations for Malaysian NR exports in August.
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