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Natural Rubber Stocks Fall To 131,381 Tonnes At End November 2010 [13-01-2011]  
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The level of stocks of natural rubber(NR) at the end of November 2010 was at 131,381 tonnes, a decrease of 6,614 tonnes or 4.8 per cent from that held in the previous month.

The stocks also decreased by 1.8 per cent when compared with that held in the same month of the previous year, the Department of Statistics said in a statement here Wednesday.

A total of 83,185 tonnes of NR was exported in November, an increase of 5,262 tonnes or 6.8 per cent over the previous month.

Meanwhile, year-on-year exports rose by 18,216 tonnes or 28 per cent.

The biggest share of NR exports was taken by the Standard Malaysian Rubber (SMR) at 95.4 per cent of which 54.6 per cent was the SMR 20.

The main destinations for exports was China, accounting for 53.2 per cent and Germany at 9.1 per cent.

Other important destinations included Iran (4.5 per cent), Korea (4.3 per cent), United States (3.9 per cent) and Netherlands (3.0 per cent).

Imports in November meanwhile, totalled 61,463 tonnes and this was 0.6 per cent higher than that for the previous month.

However, for year-on year, imports dropped 3.8 per cent.

Latex concentrate was the main type of rubber imported and accounted for 43.1 per cent of the total.

NR was mainly imported from Thailand (50.2 per cent) followed by Indonesia (13.5 per cent), Vietnam (12.2 per cent) and the Philippines (8.1 per cent).

Production of NR in November amounted to 73,100 tonnes, a decrease of 20,944 tonnes or by 22.3 per cent from October.

Year-on-year, production recorded an increase of 9,916 tonnes or up by 15.7 per cent.

The major contributor of Malaysia's NR was the smallholding sector with 94.3 per cent while the estate sector's contribution was only 5.7 per cent.

As for prices, the average monthly price of NR continued to increase.

The average price of latex concentrate rose by 10.6 per cent to 844.43 sen, while the average price of SMR 20 went up by 11.1 per cent to 1,283.55 sen month-on-month.

Prices were also much higher when compared with 2009, with the average price of latex concentrate and SMR 20, increasing by 63.6 per cent and 57.2 per cent respectively.

Source:BERNAMA
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